IOWA FARMLAND in GRAVE danger

[DcifrThs]

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Are we more worried about the price of popcorn at a movie theater than we are about energy security in this country???

I sincerely hope not.

-FH-

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I always laugh when I hear the security argument. Oil is produced all over the world and producer economies are dependant upon selling as much as possible. The market is also fungible, Iran cant sell only to Europe without freeing up more oil to be shipped to us. If oil were truly scarce it wouldn't be so cheap on international markets. If the US really wanted cheap oil we would go back to the balanced budgets of the Clinton era, the dollar would go back to being worth more than the euro and oil would then only be $40 per barrel.

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do you think the fiscal budget or the balance of payments has a larger impact on the strength of the dollar?

Barron