I do agree with you. Although there are several factors for the high oil price in the world today, the high demand for energy in the emerging market like India %26amp; China contributes to thisIs the price of oil due to new emerging technologies, %26amp; is the high cost due to a last chance big cash grab?
the price of oil is directly related to the value of the dollar, since oil is a commodity that is traded in FRNs.
Now, if you've watched ther ecent hearings Congress (led by Ron Paul), you probably would have learned of this little tidbit.
Look it up folks.
The price of gold vs dollar vs oil Report Abuse
The price of oil which is set by worldwide bids and offers is the direct and sole result of demand push inflation secondary to emergence of China and India as major automobile societies. It does not matter what your friends at all of the networks maintain as a theory. It is an immutable law of supply and demand that gross increase in demand without a a corresponding increase in supply will equate to higher prices. It is that simple but is disbelieved by all TV news consumers.
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