The price of oil and the rise of the U.S. Dollar

1978 NYB

1978 NYB

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http://www.foxbusiness.com/markets/2015/03/16/oil-falls-on-supply-glut-iran-nuclear-talks/

U.S. crude closed at $43.88 USD per barrel. The experts are saying oil is going to drop to $30 per barrel and stabilize somewhere around there. Good news for us...unless you are in the oil business or have stock in oil. Yeah, everyone's 401k invests somewhat in oil. I'm not concerned about my 401k's taking a significant hit. The good thing about this is that the U.S dollar is getting stronger. The exchange rate is about 1.06 U.S. dollar for one Euro now...which is very significant. And it's going to get better 0.80 U.S. dollar for one Euro. Not so good for our friends on the other side of the Atlantic....

chart
 
True. Despite some ups and downs in buying and selling overseas, A strong Dollar means foreign money is coming here, seen as a safe haven. The Russians are pissed. which is good.
 
The strong dollar has a major drawback for you. Money will be spent where it gets the most value. Foreign spending (or investment) in the US will suffer dramatically. I, for one, know that my fixed dollars will be spent wisely. For example, the cost of a hotel room. The price will remain at $150 USD, but the cost to me has risen by 30%. In the last three months alone, the cost of a vacation I booked has risen from $4200 to $5800 if booked today. Luckily I am locked in at the lower rate, or I would be changing my plans. This done by many people will have a major impact on your tourism industry. A strong dollar is a double edged sword.
 
double edged sword it is, and has always been. The value of the Dollar in the local economy also affects the price of foreign goods in the U.S. They are cheaper. Many countries wish their currency was as strong, more good than bad. I agree it hurts tourism. My family travelled to France when the Euro was 1.27 per Dollar, and it hurt. At 1.06, I would have a much better vacation.
 
The healthy Dollar came from the work of private citizens, companies, and state governments, that despite Obama's Interference, Increased oil production that has resulted in Severe financial hardship for OPEC, and the Russians. if Obama had his way, none of this would have happened. We are evil Americans, and don't deserve the positive economic effects of American Ingenuity. He want's us middle class people kept in our place, as that apparently is all we deserve. He loved $4.00 per gallon fuel. Plus, his private Investments in companies destined to profit from carbon credits, that will find their way into the Obama Bank account. Never has A more crooked, narsissistic, self centered President existed in America. Kill light bulb production in America, so they go to China and make the same bulbs, courtesy of GE and Jeff Immelt, Obama's good buddy. And he can spend over $38,000,000 on vacations, when I have trouble going to the nearby state for a couple days.
 
It is Very true, and there are over 4,000 unemployed Americans paying the price for Obama saving us from those terrible light bulbs, made by us. Now Chinese light bulbs are ok.

I'm sure all those unemployed people are understanding of that. I did check yesterday, and the prices for the Imported bulb is almost Identical to the "made in USA" bulbs when I bought them.
Why is that?
 
Distributor and retailer profit margin, plain and simple. And you can rest assured none of the extra profit will trickle down to the minimum wage employees.
 
I agree 100%. And the product will last half as long. I believe it is time for tariffs for any American company that takes their technology to another country to take advantage of the low wage workers,and that they should pay in order to resell those products to the U.S. The Chinese are even making military equipment for the U.S.Army. Now that is bogus!

Sorry for the recent rant! I deal with this on my job on a daily basis. and I am fed up!
I am sure others are as well.
 
Yep, the Republican's darling Romney sends his money to accounts overseas to avoid taxes and of course all the Republicans are sooooo interested in the middle class. They are interested in the ones who stuff their pockets - like the corporations that send their jobs to the cheapest place on earth to build their products at the lowest possible cost as well and in the richest 1 % and other richer individuals who also finance their campaigns - like the Koch Brothers. And the Republicans are the ones who refuse to revise the tax laws and loopholes for the richest 1 % while trying hard to cut social security for the rest of us and are also the ones who refuse to put constraints on Wall Street so they can't so easily send us down the river again. But rather than understand what is happening, it is so much easier to just blame Obama. Other countries are fostering better education and are graduating many more engineers than the U.S. now, and so that is where the better jobs will continue to go. The middle class here can't afford to send their kids to college while other countries support higher education. But we would rather saddle our graduates with a ton of debt and then have no decent jobs for them. But rather than really try to understand the complex problems and then try to work out compromises, we would rather yell at each other and become even more polarized. In the end we all lose....................
 
China is the country everyone loves to hate but overlooked are their policies that Americans could only wish for.
Example:
For a foreign company that wants to sell cars in China, they must bring some manufacturing AND TECHNOLOGY with them that will benefit China. Why don't we do that?
China has more to lose if our economy tanks. If it wasn't for Chinese loans bailing out our sorry asses, we'd all be eating boiled tree bark and rock soup.
There. I said it. I showed something China does right and better than us. They are casting off socialism and embracing capitalism. And they are ruthless doing it. Good and bad but I see both sides.
And it is Africa we should be scared of.
Say WHAT?? Africa. Read actual news. Not the pablum The Fourth Estate serves up.
I hate the media more than I hate Obama and that is as low as it can go.
 
1978 NYB said:
http://www.foxbusiness.com/markets/2015/03/16/oil-falls-on-supply-glut-iran-nuclear-talks/

U.S. crude closed at $43.88 USD per barrel. The experts are saying oil is going to drop to $30 per barrel and stabilize somewhere around there. Good news for us...unless you are in the oil business or have stock in oil. Yeah, everyone's 401k invests somewhat in oil. I'm not concerned about my 401k's taking a significant hit. The good thing about this is that the U.S dollar is getting stronger. The exchange rate is about 1.06 U.S. dollar for one Euro now...which is very significant. And it's going to get better 0.80 U.S. dollar for one Euro. Not so good for our friends on the other side of the Atlantic....

chart
Click to expand...
No it ain't , I will need to wait till it comes back down again if it ever does ,There goes my newport life sucks
 
polara66hardtop said:
It is Very true, and there are over 4,000 unemployed Americans paying the price for Obama saving us from those terrible light bulbs, made by us. Now Chinese light bulbs are ok.

I'm sure all those unemployed people are understanding of that. I did check yesterday, and the prices for the Imported bulb is almost Identical to the "made in USA" bulbs when I bought them.
Why is that?
Click to expand...
The whole worlds ffffukkkkeddd up that's why
 
The gum'mint is taking away product after product to "protect" us.

After a zillion years of D-con sucessfuly preventing rat infestation and saving us from destruction and disease, they were ordered to stop manufacturing it Dec. 31 2014 and it all had to be off the shelves as of this Mar. 15th.
Reason? Too poisonous. I **** you not.
The D-con on the shelves now is a less potent formula.
Well, next time you see them running up and down aisles at Albertson's, you'll know why.


So you can add this to the list of products such as...

Toilets that doesn't flush waste
Dishwashers that don't dry dishes
Washers that do not clean clothes
Dishwasher detergent that does not clean dishes

This country is beyond F****D now....


Everytime something is banned, it is in reality another tax because the alternatve is more expensive.
 
i still cant believe for the life of me how obama was elected the second time around.he has to be one of the worst presidents of all time and seems to dislike his closest most important neighbour. he can go **** himself if you ask me. and you can ask me anytime you like.
 
livininharrow said:
i still cant believe for the life of me how obama was elected the second time around.he has to be one of the worst presidents of all time and seems to dislike his closest most important neighbour. he can go **** himself if you ask me. and you can ask me anytime you like.
Click to expand...

I agree with you.....

BTW, I didn't vote for him either time.
 
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