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(The Year 2012 In Review)
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|User Info||Pump price here now up over 15% this week; entered at 2012-04-01 22:29:27|
Registered: 2010-07-27 California
That's the long-term trend chart for the decade and it remains virtually unchanged with a slight uptick to $79 (note other similar short-term spikes). The entire point being the DXY is a weighted basket that took that hit at a time the euro (another complicated weighted basket) was also taking a hit, aka, a deflationary forex market globally. The second point being oil would be at roughly $60-a-barrel had the dollar held value of 2001 levels, which you can see, it has not. The global peg for oil is USD$.|
Last modified: 2012-04-01 22:30:03 by bohemian