If oil prices keep high, europe NEEDS a weak dollar?

Discussion in 'Economics' started by crgarcia, Nov 11, 2007.

  1. So the rise in oil price would be offset by the weaker dollar?
  2. No, that's the wrong approach :p . Actually oil isn't getting (much) more expensive but since the dollar is riding to zero and oil is (still) priced in dollars the quoted value has gone up.