How Much of the Price of Oil is Due to Dollar Weakness?
03 June 2011
This first graph shows the Price of a Barrel of Oil in US Dollars in red, and the Price of a Barrel of Oil in Euros, normalized to US Dollar/Euro exchange one year ago.
This graph shows the variation in $/Barrel. In other words, this is the component of the price per barrel of oil due strictly to further devaluation of the dollar relative to the Euro (and, in reality, a whole basket of other currencies).
This chart just relates it to the percentage of the price per barrel of oil that can be attributed to dollar devaluation... also known as dollar inflation.
http://oilprice.com/Energy/Oil-Prices/How-Much-of-the-Price-of-Oil-is-Due-to-Dollar-Weakness.html
http://openchoke.blogs.com/open_choke/2011/05/how-much-of-the-price-of-oil-is-due-to-dollar-weakness.html
This first graph shows the Price of a Barrel of Oil in US Dollars in red, and the Price of a Barrel of Oil in Euros, normalized to US Dollar/Euro exchange one year ago.
This graph shows the variation in $/Barrel. In other words, this is the component of the price per barrel of oil due strictly to further devaluation of the dollar relative to the Euro (and, in reality, a whole basket of other currencies).
This chart just relates it to the percentage of the price per barrel of oil that can be attributed to dollar devaluation... also known as dollar inflation.
http://oilprice.com/Energy/Oil-Prices/How-Much-of-the-Price-of-Oil-is-Due-to-Dollar-Weakness.html
http://openchoke.blogs.com/open_choke/2011/05/how-much-of-the-price-of-oil-is-due-to-dollar-weakness.html