I have a quick question for any of you gurus. If the dollar continues its’ free fall, how will that affect the oil prices? Wouldn’t the cost of oil essentially increase?
What is the short and long term possibilities that Euro becomes the new currency of oil trade? I am a bit curious to see what happens as I believe there has to be some sort of dramatic overhaul of how oil is bought sold due to the current volatility of the US Dollar.
