Re: Diesel 9,5$/gl in Norway

=93If oil prices stay this high, you=92re going to have to re-examine your
estimates for G.D.P., inflation and consumers=92 ability to spend
outside of nondiscretionary items,=94 Ms. Krosby said. =93This has all of
the elements of an investor=92s worst-case scenario.=94

Oil prices surged almost 8 percent, to $138.54 a barrel after a senior
Israeli politician raised the specter of an attack on Iran and the
dollar fell against the euro.

=93As soon as that news hit the tape, oil spiked about $6,=94 said David
Kovacs, an investment strategist at Turner Investment Partners.

> in price of oil to the falling dollar.   If this falling dollar theory
> was even remotely correct, why is it that the price of everything else
> we im****t, from Japanese cars to French wine haven't tripled in price?
>
> Finally attributing the dollar decline to the Iraq war clearly has no
> basis.