Disliked{quote} Please don't forget that this oil and dollar situation is mostly because geopolitical situation. One word - RUSSIA.Ignored
It has an A and I, it even has a U and and S but it is spelled Saudi, the good old ME alliance of the US has been increasing production EVERY month for 2 years, of course oil is dropping like a brick and as soon as the shale industry is in shambles in the US the good 'ole partner will drop production, mission accomplished. They can afford for oil to drop down to a tenner, the US can't. Their BE is at 9 d/b, the US is running anywhere from 45-85 d/b
Have a look at the MOMR, we are at a 19-month high.
A contrarian; I always disagree.