Our US dollar value has dropped quite a lot because the Fed is printing way too much money, and we are deeply in debt.
Oil prices valued in the Euro have gone up, but not as much.
Also, oil is being purchased for these high prices, so demand is still there.Why have crude oil prices doubled in the last 12 months?
because we are using up more and more it is supply and demand. we have less supply but more demand so price is going way up.Why have crude oil prices doubled in the last 12 months?
all over that mess in the middle east. Before the iraq war oil was at give away prices....the gov't has pissed off the middle east and they're not going to reduce prices
unstable area
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