• 4 minutes China goes against US natural gas
  • 12 minutes WTI @ 67.50, charts show $62.50 next
  • 15 minutes Saudi Fund Wants to Take Tesla Private?
  • 1 hour Downloadable 3D Printed Gun Designs, Yay or Nay?
  • 6 hours Rattling With Weapons: Iran Must Develop Military To Guard Against Other Powers
  • 12 hours Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 1 hour Russians hacking vs U.S., Microsoft President: Russians Targeting All Political Sides
  • 1 hour VW Receives Massive Order Of 1,600 All-Electric Trucks
  • 9 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 13 hours CO2 Emissions Hit 67-Year Low In USA, As Rest-Of-World Rises
  • 6 hours Batteries Could Be a Small Dotcom-Style Bubble
  • 16 hours The EU Loses The Principles On Which It Was Built
  • 21 hours Starvation, horror in Venezuela
  • 8 hours Corporations Are Buying More Renewables Than Ever
  • 24 hours How To Explain 'Truth Isn't Truth' Comment of Rudy Giuliani?
  • 22 hours The Discount Airline Model Is Coming for Europe’s Railways
Alt Text

Turkey Turmoil Drags Oil Down

While Turkey might not be…

Alt Text

Oil Markets Are In For A Bumpy Ride

After a somewhat quiet summer,…

Alt Text

Saudi Arabia And Iran Reignite The Oil Price War

As U.S. sanctions on Tehran…

Allen Gilmer

Allen Gilmer

Allen writes the popular energy news blog Open Choke

More Info

Trending Discussions

How Much of the Price of Oil is Due to Dollar Weakness?

Our markets seem very sensitive to the price of oil... to the extent that I read articles about how high oil prices are keeping the economy down. That begs the question... is it "high oil prices" or "weak dollar"? Here it is...

Inflation effect on oil prices

This first graph shows the Price of a Barrel of Oil in North American Pesos... er, I mean US Dollars in red, and the Price of a Barrel of Oil in Euros, normalized to US Dollar/Euro exchange one year ago.

Oil price and dollar devaluation

This graph shows the variation in $/Barrel.  In other words, this is the component of the price per barrel of oil due strictly to further devaluation of the dollar relative to the Euro (and, in reality, a whole basket of other currencies).

Barrel of oil

This chart just relates it to the percentage of the price per barrel of oil that can be attributed to dollar devaluation... also known as dollar inflation. Is it any wonder the Chinese are worrying about their trillion dollar holding of dollars? 20% of it has magically disappeared in the last year, at least in regards to buying energy by this Inconvenient Truth.

By. Allen Gilmer




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News