Dollar Continues To Sink As Oil Prices Rise
Oil prices rose sharply on Monday as a weaker dollar helped boost demand for the commodity.
New York's main contract, light sweet crude for January delivery, advanced 97 cents to 78.44 dollars a barrel. The December contract had expired at 76.72 dollars on Friday.
On Monday in London, Brent North Sea crude for January delivery climbed 1.15 dollars to 78.35 dollars a barrel.
"We are seeing the US dollar weaken against the euro and investors continue to see oil at this low end of the trading range to be a buy opportunity," said Victor Shum, an analyst with energy consultancy Purvin and Gertz in Singapore.
"Investors see the US dollar to be on a downward trend for the long term and so there are continued inflows into oil and other commodities," he said.
A weaker greenback makes crude oil and other commodities, such as gold, cheaper for holders of other currencies, driving demand.
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NavyVietVet
Drill baby..drill
BudMeister
Drill here, drill now ........
DESTROY THE LEFT
Energy prices will skyrocket once any recovery comes. And they'll blame it on Bush. But we all know it's "No Energy Pelosi" and her crew of ragtime environmentalists that are to blame. Out with the left, in with what's right for America.
Don't Drink the Cool Aid
Here's something to consider
http://www.newsbuster.com/Pages/content/red-alert-second-wave-financial-...
moesite
UNITE AND FIGHT NOW NOW NOW NOW !
We are really on the verge of disaster and its
the people like us (middle and lower class) who
will REALLY, REALLY suffer.
the taxing thats bound to come will be suffocating.
coupled with RISING PRICES and devalued dollar
we are doomed to poverty if we dont DO SOMETHING
NOW.
contact ALL SENATORS and tell them NO MORE
DAMN SPENDING!!!!!!!!!!!!!!!!!!!! NO STINKING GOVT
HEALTH SCAM; NO CAP AND TRADE; NO AMNESTY;
NO NOTHING!!!!!!
www.senate.gov
NoleFan
Obama knows exactly what's going on with the dollar. He wants to destroy his country so he can "rebuild" it to suit him and his socialist friends. The country suffers financially and he and his cronies continue to throw lavish parties in the WH. His arrogance knows no boundaries.
CONTACT CONGRESS NOW
THIS CAN ONLY BE CAUSED BY THAT DAM OIL HUNGRY BUNCH OF LIBERALS OBAMA BROUGHT TO WASHINGTON!
END OBAMA & THE LIBERALS TERROR ATTACK ON THE PEOPLE OF AMERICA! THEY SEEK TO DESTROY OUR WAY OF LIFE! THEY HAVE NO RESPECT FOR THE MAJORITY & THE WILL OF THE MAJORITY!
TWEET POST LINK SPREAD THE WORD !! (RESIST)
------------------------------------------------------------------------------------------------
SEND THE DEMS IN THE US SENATE HOME WITH THIS ON THEIR MIND! WE WILL NOT BE DICTATED TO!
THE MAJORITY DOE NOT WANT OBAMACARE & WE WILL NOT ACCEPT A GOV RUN OPTION IN THE HEALTHCARE BILL!
NO MORE ONE PARTY RULE IN FAVOR OF THE MINORITIES! GO TO http://stormlobby.50webs.com
-------------------------------------------------------------------------------------------------
URGENT! Sign The Letter To President Obama
FOLLOW THIS LINK http://stormlobby.50webs.com STOP obama!!!!
support the letter sent by 9/11 Families for a Safe & Strong America and theBravest.com
urging you to not bring the terrorist detainees held at Guantanamo Bay to trial in Article III courts.
CLICK HERE TO EMAIL ATTORNEY GENERAL OFFICE AskDOJ@usdoj.gov.
--------------------------------------------------------------------------------------------------
LINK TO MY WEBSITE! USE MY LINK IN YOUR POST! SEND PEOPLE TO MY SITE TO LOBBY CONGRESS!
http://stormlobby.50webs.com
--------------------------------------------------------------------------------------------------
SUPPORT THE EMAIL REVOLUTION AGAINST THE LIBS IN CONGRESS & PRESIDENT OBAMA!
CONTACT CONGRESS,OBAMA, OR THE LIBERAL MEDIA CNN,MSNBC,CBS,ABC,NBC
CONTACT THEM AT http://stormlobby.50webs.com ACT NOW!
ISSUES!
HEALTHCARE! Once it passes their is no going back! (THINK)
CAP & TRADE! You will pay more for everything you buy! (THINK)
OBAMAS CZARS! Nobody including congress knows what they are doing! (THINK)
IMMIGRATION REFORM! Obama plans to make all illegals (THINK)
OBAMA IN OUR SCHOOLS (SICK)
NOTHING obama is doing is good for our country! Hes destroying it!
If we don't act & act now tomarrow may be to late!
Post my link on myspace ,twitter,youtube,facebook http://stormlobby.50webs.com
CONTACT CONGRESS AT http://stormlobby.50webs.com
Follow me on twitter at http://twitter.com/stormlobby!!!
support the letter sent by 9/11 Families for a Safe & Strong America and theBravest.com
urging you to not bring the terrorist detainees held at Guantanamo Bay to trial in Article III courts.
-----------------------------------------------------------------------------------------------------
LINK TO MY WEBSITE! USE MY LINK IN YOUR POST! SEND PEOPLE TO MY SITE TO LOBBY CONGRESS!
http://stormlobby.50webs.com
----------------------------------------------------------------------------------------------------
therepublicrevealed
Obama is in the fix just as Bush was and we have plenty of oil they will not touch, only because it would bring down the price. We need Palin BAD.
http://www.therepublicrevealed.com/forums/index.php?topic=23.0
sparker
The failure of the American dollar is a planned tragedy. Everything the current administration is doing, and failing to do, proves it. Obama need not utter Bush's name ever again as a fault-finder. Obama has left his fingerprints on too many things that strongly indicate his own participation in the failure of America. How anyone can respect this man is a mystery.
M13 Link There Are No Moderate Democrats
Fight The Power: Know and Remember these facts:
Paper money is a proxy for private banking and government power - -and gold is a proxy for freedom
Obummer and his mineons are well along the way to Destroy The Dollar and in the process- YOUR WEALTH. Every day the Dollar gets weaker. Over 99% of you, my fellow Patriot Conservatives , do not even have Gold or Silver on your radar screen. Buy some PHYSICAL precious metals and hold in your posession. It is Real Money. Paper is Fiat and will always be Fiat. Most of you have never even held real money. You can change that today.
red dot in a blue state
Drill Baby Drill!
Candycane
How much more stimulus and fuzzie math can we take!
$24,000. per car for cash for clunkers.
$230,000. per temporary porkulus job.
Obama care won't add one dime to deficit.
Defenition of Dime! = $2,000,000,000,000
Reduce our taxes! Let us stimulate ourselves.
Stop the wastefull red tap and goverment oversight.
Let the hard working legal American do our own stimulus.
moesite
candy; well, he DID say "not ONE dime" -- its what he DOESNT say that we have to keep an ear out for.
not ONE dime = 5 CRILLION dimes!!
Gerardi
Obama is a failed president, with a failed presidency, and failed policies.
The real american people from america's mainstreets to america’s heartland, americans are now starting to see the truth behind the media’s lies and Obama’s lies and Obama’s policy failures. So as the US economy falls into a deep recession, and even a depression, with the unemployment rate in double digits and rising every month, and taxes at an all time high, and going ever higher, especially with all the out of control spending Congress and Obama want to do, the deficit is going into orbit with no bailout for the US govt., just massive deficits.!!
Then there’s 25% of all american households with Homes that are either foreclosing or under valued, which means that they owe more than the home is worth, if they are even lucky enough to have a job to pay their mortgages.
Plus, gas prices keep on skyrocketing, along with the price of Gold because the dollar is falling like a rock. The only thing falling faster than the US dollar and the US economy, is Obama’s presidency.!!
The american people have had enough of obama and his failed policies, and this is just his first year. I can’t imagine the next 3 years. OMG !!!
CONTACT CONGRESS NOW
AS THE LIBERAL DEMOCRATS WOULD SAY! THIS IS ALL OBAMA & HIS OIL HUNGRY BUDDYS FAULT!
OBAMA & THE LIBERAL DEMS SHOW -0- RESPECT FOR THE AMERICAN PEOPLE! THE WILL OF THE
PEOPLE IS BEING IGNORED! SO WITH THAT IN MIND WE CAN HAVE NO RESPECT FOR THIS GOVERNMENT!
HEALTHCARE BILL & 9/11 COMPLETE DISRESPECT FOR THE MAJORITY!
URGENT! Sign The Letter To President Obama
FOLLOW THIS LINK http://stormlobby.50webs.com STOP obama!!!!
support the letter sent by 9/11 Families for a Safe & Strong America and theBravest.com
urging you to not bring the terrorist detainees held at Guantanamo Bay to trial in Article III courts.
CLICK HERE TO EMAIL ATTORNEY GENERAL OFFICE AskDOJ@usdoj.gov.
LINK TO MY WEBSITE! USE MY LINK IN YOUR POST! SEND PEOPLE TO MY SITE TO LOBBY CONGRESS!
http://stormlobby.50webs.com
SUPPORT THE EMAIL REVOLUTION AGAINST THE LIBS IN CONGRESS & PRESIDENT OBAMA!
CONTACT CONGRESS,OBAMA, OR THE LIBERAL MEDIA CNN,MSNBC,CBS,ABC,NBC
CONTACT THEM AT http://stormlobby.50webs.com ACT NOW!
ISSUES!
HEALTHCARE! Once it passes their is no going back! (THINK)
CAP & TRADE! You will pay more for everything you buy! (THINK)
OBAMAS CZARS! Nobody including congress knows what they are doing! (THINK)
IMMIGRATION REFORM! Obama plans to make all illegals (THINK)
OBAMA IN OUR SCHOOLS (SICK)
NOTHING obama is doing is good for our country! Hes destroying it!
If we don't act & act now tomarrow may be to late!
Post my link on myspace ,twitter,youtube,facebook http://stormlobby.50webs.com
CONTACT CONGRESS AT http://stormlobby.50webs.com
Follow me on twitter at http://twitter.com/stormlobby!!!
support the letter sent by 9/11 Families for a Safe & Strong America and theBravest.com
urging you to not bring the terrorist detainees held at Guantanamo Bay to trial in Article III courts.
LINK TO MY WEBSITE! USE MY LINK IN YOUR POST! SEND PEOPLE TO MY SITE TO LOBBY CONGRESS!
http://stormlobby.50webs.com
DESTROY THE LEFT
Survivalists have their own underground stores of fuel, guns, ammo and food. When the left comes begging, they can eat lead.
M13 Link There Are No Moderate Democrats
Thank You
M13 Link There Are No Moderate Democrats
where is my post ?
M13 Link There Are No Moderate Democrats
Obummer and his mineons Bernanke and Geithner believe a Weak Dollar Policy is the way. They are wrong and this stance is an integral component of their "Transforming" of America. The best way for Each and Every One of US to FIGHT them is to buy some physical Gold. It matters not how little or how much you buy- just Go Out and Do It. Take Action-Fight them.
DESTROY THE LEFT
Have you noticed, that the left considers a conservative/independent/traditionalist "trailer trash? Tells you that they are also haters of blacks that are in poverty, they are against getting an education, they are in favor of slavery. The left is anti-American, and as such need to be destroyed. The left is nothing more than muggers and thieves.
Delores CH WV
And the President and his Vice President claim that it is great that our Stock Market is over 10,000; What they don't tell you that the people making money off the stock market are betting on the devalued dollar.......these greedy men and women are pushing our dollar DOWN, DOWN, DOWN....just what Obama wants! the Dollar goes to Zero!
Trig PaIin
I LOVE €€€!
fed up with them all
If for no other reason to vote this bunch out of office it's this. We are still dependent on oil coming into this country and we are sitting here on enough energy to keep this country going for years until we can shift over without it being a burden on the people of this country. No to mention the ten's of thousands of jobs it would generate
mark g
Nationalize the oil companies if you want cheap oil. They are not your friends. Do not believe that the reason that refineries are not being built is because of the EPA. It is in the best interests of the oil companies not to have refineries. This way they can claim shortages of gasoline. It all comes down to supply and demand. The oil companies control the supply.
moesite
mark; we dont need anything else NATIONALIZED!
we DO need a government that isnt 95% liars and thieves.
Learn 2 Swim
Uninformed Liberal alert!
DESTROY THE LEFT
Not the EPA huh. Maybe you shoould check to see why windmills weren't built in the North West recently. Or perhaps check to see why several solar panel projects are not moving forward. You are about as stupid as the people that voted Obama into office. Oh, sorry, that was you wasn't it.
mark g
Nationalize the oil companies if you want cheap oil. They are not your friends. Do not believe that the reason that refineries are not being built is because of the EPA. It is in the best interests of the oil companies not to have refineries. This way they can claim shortages of gasoline. It all comes down to supply and demand. The oil companies control the supply.
Chainsaw Hirko
they won't nationalize oil b/c the oil companies profit margins are too small....only 9%......
Eradicate Conservatives
Home sales surged for the second month in a row in October, climbing to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit. Home sales nationwide are now up nearly 37 percent from their bottom in January."
moesite
wonderful! more people buying houses they cant afford and WE'LL end up paying for them.
Trig PaIin
I bought all the pipes from local home depot and started drilling in front of my trailer, found nothing so far. Everyone should drill, baby drill!
moesite
i know youre joking but here's what ive done for real -- 5 or 6 months ago i decided to start stocking up on staples because i figured prices are sure to rise and the way things are going they will skyrocket.
i bought lots of canned goods and paper goods.
well here's a TRUE fact -- when i made this purchase i bought 15 ounce cans of hunts tomato sauce -- .52 cents at wal mart. well about a month ago i checked the price just for fun and the EXACT SAME ITEM is now ONE DOLLAR AND EIGHT CENTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
and this is BEFORE all the insane taxes are levied!!
very, very frightening.
I suggest people really do try to stock up on whatever supplies they know they will need / use. canned goods, paper goods, lightbulbs, detergent, etc.
Gerardi
Obama's presidency is a failure at best. His actions and inactions and his policies have taken the country into a deeper recession and maybe even a depression real soon.
The deficit will drag the US economy down even further. The unemployment rate is now at double digits and will climb higher and higher. Obama admits himself and says that there will be a double digit recession and even a depression.
Gas prices will rise ever higher, the US Dollar will continue to fall ever lower, and Gold prices will skyrocket as Obama's economic policies continue to
Fail the American people, and the world.
Obama seems to be completely clueless in his uncaring chavalier attitude of the US economy.
The world economic forum and the IMF, and even China, have already begun to warn, and even chastise, Obama for his dangerous economic and fiscal policies.
moesite
all true. have YOU protested?
contact ALL SENATORS and tell them to STOP SPENDING AND STUFF THE HEALTH SCAM!
www.senate.gov
Winston Cupp
American is on a collision course toward bankruptcy....we have no standing in the world, Obama is regarded as a weak idiot...the major French bank has warned their customers to get prepared for a global bankruptcy based upon the debt of American, Europe, etc....the primary culprit if America and the idiot Obama
Naybob
Wasn't gas $4 a gallon a little more than a year ago? it hasn't come anywhere NEAR that since Obama became president.
moesite
im in south georgia and gas today is $2.48 but i guess i'll just smile since it isnt anywhere NEAR what it was before obummer became our dear leader !!
wake up, you fool !!!!!!
kdkd20
Bull gas is @ 3.33 a gallon in Alaska that's main stream Alaska and its 5-6 a gallon in the bush and rising. Please know you facts before commenting
COMMANDER AND PIMP
THE PROBLEM IS THE FED IS TAKING THE EXCESS MONETARY FLOW AND BUYING UP U.S. ASSETS AND ASSETS ABROAD...THEY ARE SUPPOSE TO BURN THE EXCESS MONETARY FLOW NOT REINVEST IT BACK INTO THE ECONOMY....AUDIT THE FED TODAY
moesite
commander; thats just ONE of the problems - how about stimulus, takeovers, bailouts, borrowing, printing, PORK in every f'n bill they pass, cap and tax (coming soon), health scam, WAR TAX, rising fed and state income taxes, rising state and local sales taxes and on and on and on !!!
Paladin
The dollar index is hovering around 75 and gold is selling for an all time high. This current regime plans to destroy the dollar and replace it with a one world currency.
DP
Mr. 57 States is going to drive this country into the ground!! To hell with Afghanistan !!!!!
Paul
I'll try again to post my comment. Fox didn't like the first one. We have more oil that has been found in this country than the Arab states have combined. We need jobs since 20 million illegals are taking them from our own people. Why not give our people the jobs to get out the oil, refine the oil, and distribute the oil to make us not need the creeps overseas. Maybe in the meantime, someone with a brain in this government will also get rid of the illegals so we have plenty of jobs for our own people.
Learn 2 Swim
The best way to destroy the capitalist system is to debauch the currency.
Vladimir Lenin
Taxpayer in MN
Does anyone else remember Obama's strategy to deal with high prices at the pump as expressed during the campaign? "Inflate your tires to the proper pressure" - soon it will be time to drag that one out again - maybe unemployed libs who discover the diminished purchasing power of the dollar will lead a community backlash.
Letters With a Face.com
A worthless dollar...high oil prices..just what Obama wants..! Obama and his administration are an utter disgrace and a danger to our country's future. Make your voice heard like never before at Letters With a Face.com..intro video: http://www.youtube.com/watch?v=BTMfbd7eHRs
Mohamad Ali
Nothing more than a few reckless irresponsible pea-brained politicians, and the result, hyper-inflation which means more workee for less tiki. There was a day not so long ago where the dollar had value and a single income could raise a family, but that’s back in the days where politicians were responsible. My sentiment is these political leaders we currently have in office, deserve nothing less than a prison sentence for not upholding their oath of office.
FAILURE-IN-CHIEF
Put gold into your portfolio and do it before your life savings are worthless.
moesite
stock up on necessities ! prices will be STUNNING in a year or less!!!