Re: USA can thank China....
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One question I'm wondering about is how much is the recent run-up in oil prices due a decline in the dollar and how much is due to a real increase in the value of oil?
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Alot of the headline increase has to do with the depreciation of the dollar, and also further expectations of inflationary (for oil) depreciation of the dollar. Apparently Europeans haven't registered any change at all in their crude oil prices. There are also valid concerns about oil supply constraints published by the IAEA about global demand expanding much faster than previously expected.
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