European Tribune - Comments

Meanwhile... | 22 comments (22 topical, editorial, 0 hidden)

But, against the euro, as the dollar falls, hasn't there been something of a drop in the price of oil?

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Fri Oct 26th, 2007 at 08:30:32 AM EST
[ Parent ]

Re: Meanwhile... (none / 1)

This is a myth that needs to be dispelled. The price of oil has also increased with respect to the euro, but not as quickly.

We have met the enemy, and it is us — Pogo

by Migeru (migeru at eurotrib dot com) on Fri Oct 26th, 2007 at 09:13:40 AM EST
[ Parent ]

Re: Meanwhile... (none / 1)

If I can find a good set of data, I'll do a price history diagram myself.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Fri Oct 26th, 2007 at 09:49:40 AM EST
[ Parent ]

LT Data (4.00 / 2)

here: http://www.theoildrum.com/node/3106#comment-253129

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Fri Oct 26th, 2007 at 09:54:23 AM EST
[ Parent ]

Re: LT Data (none / 1)

Thanks, but I wanted to go back further than 1998, and with some sweating... see the result.

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Fri Oct 26th, 2007 at 02:22:22 PM EST
[ Parent ]

Re: Meanwhile... (none / 1)

No, oil pricces rose faster. Even in the last 15 weeks. Say, using some simultaneous record days:

September 28th: €1 = $1.3979, crude oil (WTI futures) $82.38 = €58.93

October 18th: €1 = $1.4310, crude oil (WTI futures) $90.02 = €62.91

BTW, here is a chart from MEES of the development until 2004:

_{*Lunatic*, n.

One whose delusions are out of fashion.}

by DoDo on Fri Oct 26th, 2007 at 09:42:28 AM EST
[ Parent ]

Meanwhile... | 22 comments (22 topical, 0 editorial, 0 hidden)

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