Oil heading for $90 - Page 2 - Mercedes-Benz Forum

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post #11 of 62 (permalink) Old 10-19-2007, 03:12 AM
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The strength of the euro, the sterling pound and other currencies also mean that some countries, particularly in Europe, are partially insulated from the oil price rally.
Insulated fom the high price of oil and inflation as a whole. The Singapore dollar was SGD 1.521 to 1 USD when I went to Singapore for my kidney transplant on the 28th of August. Today it is 1.464 to 1 USD and the Singapore govt. stated last week that they intend to let the SGD increase in value against the USD to further insulate their countrymen from inflation, it is projected that by the end of 2008 the SGD could be 1.38 to 1.40 to 1 USD.

On the other hand I do not see anything insulating the USA from inflation that will soar over this high price of oil once it flows down to the public via all items made from oil or oil by products.
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post #12 of 62 (permalink) Old 10-19-2007, 04:32 AM
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People were predicting the end of the world when it was about to hit $50. Everything is still nice and normal. $90-100 will not be a problem.
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post #13 of 62 (permalink) Old 10-19-2007, 04:41 AM Thread Starter
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What is normal? I went into a 'dollar' store the other day which had a big hand-written sign on the wall-"Due to the rise in oil prices some of our dollar items are now more than a dollar" That's not normal, is it?



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post #14 of 62 (permalink) Old 10-19-2007, 04:44 AM
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What is normal? I went into a 'dollar' store the other day which had a big hand-written sign on the wall-"Due to the rise in oil prices some of our dollar items are now more than a dollar" That's not normal, is it?




Sounds about right DR, I personally believe some arm of the great US govt. is hiding the real inflation figures as they know how this will hurt the economy and the stock market.......
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post #15 of 62 (permalink) Old 10-19-2007, 09:58 AM
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Gold at $875, set on Jan. 21, 1980 was the aftermath of the Iranian Revolution.
Oil at $ 90 required only G.W.
My Son just returned from Bora Bora, where the Euro is used. At the non touristy village grocer, the bill for two six pack of Heineken, a bag of chips, and two bottles of Perrier mineral water came to $ 38 US.
What happened to the once mighty dollar?
Don't worry. The dollar will be back--just like always. And unless your buying Heineken in Bora Bora, there are probably more positive effects of the current weak dollar than negatives.

And GW had nothing to do w/ it!

Don't believe everything you think
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post #16 of 62 (permalink) Old 10-19-2007, 10:03 AM
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What are you smoking?

Are you on the pipe, or something, again?

The bottom line is at the retail gasoline pumps.

And it is going up again? Haven't you noticed? Or does your car run on free pixie dust?
I don't smoke anything when around retail gasoline pumps--which, BTW, show prices down nealy $1 from just a few month's ago... Or haven't you noticed?

Don't believe everything you think
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post #17 of 62 (permalink) Old 10-19-2007, 10:23 AM
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I dont want to appear to slag off or insult you Americans BUT how much / what % of the current oil price quoted in $$$$ is due to the relatively weak dollar ?
Not sure what "slag off" means so I'm not offended. I think the relationship, to the extent there is one long-term, is due more to speculation than a real relationship. This article may be of interest: Oil prices climb as value of U.S. dollar sinks - Oct. 18, 2007

Don't believe everything you think
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post #18 of 62 (permalink) Old 10-19-2007, 11:09 AM
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Gasoline is going up. Expect to pay around $3 very soon. Gas stations keep at least a 15 cent buffer so they can keep the price high and make more money! How do I know, you might ask. I deliver it.
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post #19 of 62 (permalink) Old 10-19-2007, 12:06 PM
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Gasoline is going up. Expect to pay around $3 very soon. Gas stations keep at least a 15 cent buffer so they can keep the price high and make more money! How do I know, you might ask. I deliver it.
And that make you the almighty God of logistical economics and the expert in price fixing and the art of gouging, yes siry

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post #20 of 62 (permalink) Old 10-19-2007, 12:37 PM
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Don't worry. The dollar will be back--just like always. And unless your buying Heineken in Bora Bora, there are probably more positive effects of the current weak dollar than negatives.

And GW had nothing to do w/ it!
GW had nothing to do with it?

U.S. NATIONAL DEBT CLOCK
The Outstanding Public Debt as of 19 Oct 2007 at 06:28:01 PM GMT is:

$ 9,057,927,619,481.41-

The estimated population of the United States is 303,298,655
so each citizen's share of this debt is $29,864.71.

The National Debt has continued to increase an average of
$1.43 billion per day since September 29, 2006!
Concerned? Then tell Congress and the White House!

The cost of the War = $ 461 Billion
National Priorities Project - Cost of War
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