Re: Yikes! Diesel $4.50/gallon

Roland Franzius turned on the Etch-A-Sketch and wrote:

> jdoe schrieb:
>> On Tue, 29 Apr 2008 12:53:45 -0700, RF <jvhealey@[EMAIL PROTECTED]
> wrote:
>> 
>>> But you take crude oil from the North Sea and
>>> refine it, don't you?
>> when are you guys going to get it? the differences in the price of
>> fuel is not caused by differences in the price of oil, oil costs the
>> same for all countries that im****t oil, the differences in prices is
>> caused by government imposed taxes on fuel, norway has a huge social
>> service, womb to tomb care, free education all funded by taxes on fuel
>> __________________________________________
>> Never argue with an idiot.
>> They'll drag you down to their level and beat you with experience.
> 
> 
> With an rate of inflation of 2% pa, after 50 years the oil price today
> has to be (1+1/50)^50=e=2.7 times that of 1958.
> 
> In Germany its up from 0.40 EUR/litre in 1960 to 1.45 today. The real
> problem is this: The USD  lost value from 1 USD = 2.20 EUR in 1960 down
> to 1 USD = 0.67 EUR in 2008.
> 

Yes, people don't seem to get this.   The active US policy is to devalue
the
dollar against other currencies.

This has the intended effect of making all im****ts more expensive, with
the
hope that ex****ts will be more favorable.

However, we  im****t some huge percent of our oil, and oil is traded in the
dollar.  Since the dollar is devalued, the oil costs more dollars per
barrel.


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