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Old May 8th, 2008, 15:52   #22
38bat
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Join Date: Oct 2007
Posts: 106
Default Re: An honest, informative discussion on energy/oil

Here is my .02 on oil prices. The biggest issue has nothing to do with oil. It has to do with our foreign dependence and our weak dollar. For example, I go fishing every year in Canada. The lodge we go to was a good value because our dollar two years ago was around $1.40 Canadian. Therefore the price has effectively gone up 50% (US Dollar is now around .90) without the lodge raising their price at all. Operator is charging the exact same amount but due to the weak dollar, my cost has gone up 50%. This is a close to home example but the same thing has happened with oil and everything else we import. There is alot more to it and price controls etc. with oil but a strong dollar would be the first thing to bring prices inline, followed by domestic production. Fix the economy and the rest will come inline. Big job I know.
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