HDRKID

Monday, August 24, 2009

Oil near $75

Debunkers that were laughing saying that oil prices would not go up. Well, now they see that despite high unemployment and a reduce demand for petroleum products we see oil near $75. This is because the dollar is declining in value. People, as we print more green pieces of paper, expect oil price to rise. Future price of oil is up. This will affect other commodity prices. For example, food will also rise in price.

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