"Oil plunges more than $6 as dollar gains" by Bloomberg News | August 23, 2008
NEW YORK - Crude oil fell more than $6 a barrel yesterday, dropping the most in percentage terms since December 2004, as the US dollar strengthened and BP PLC restored shipments on a Caspian Sea pipeline through Turkey.
"It's hard to tell whether the dollar is shifting oil or the opposite," said Rick Mueller, the director of oil markets at Energy Security Analysis Inc. in Wakefield, Mass. "It's obvious that there is a relationship."
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Yeah, WE KNOW what the relationship is: Dollar dropping in value, prices going up!!
The PRICES aren't changing, it is the DOLLAR that is DUMPING that is causing all the problems!!!
That's what happens when you just print it for no reason!
