http://blog.maxdunn.com/articles/2008/07/11/oil-price-increase-due-to-dollar-devaluation en-us 40 Max Dunn's Blog <p>It is commonly thought that a large part of the increase in the price of oil is due to the devaluation of the dollar. For instance, since the the euro is now 60% higher than the dollar it seems to make sense that 60% of increase in the price of oil is due to this devaluation of the dollar. However when you look more closely at the economics behind oil pricing, you will find that this is not the case at all. Actually, it doesn&#8217;t make any difference what currency oil is priced in because the price would still be the same.</p> Fri, 11 Jul 2008 20:49:00 -0700 urn:uuid:117de8e2-55ac-4b93-8e9d-eb574baa1e18 Max Dunn http://blog.maxdunn.com/articles/2008/07/11/oil-price-increase-due-to-dollar-devaluation Peak Oil