Comments on: Oil Prices Hit New High Over $141 A Barrel

Dollar's Relentless Freefall Sends Investors Flocking To Oil As A Hedge, Upping Its Value

[faith_in_w]

This board is about oil prices going up, not about the dollar losing value. Go to that board to talk about that. On this one we are supposed to repeat the mantra "drill drill drill".

[midland666]

rusty9j ..

the Dollar has lost almost 5% Against the peso,

since last night its gone down just a little bit more,

[brianbwb-2009]

"How far will the Dollar fall?" Posted by skyk

There will come a point where the Chinese, holding almost 2 trillion in dollar denominated debt, will cut their losses and dump it on the market, further driving it down.

Then will come the point where OPEC no longer wants to accept a currency that declines in value, so they will switch the transaction medium to Euros. At that point, with nothing to sustain the dollars value, it will collapse.

Under an Obama presidency, this could happen before his term is out, unless he takes the drastic steps necessary to stop it.

Of course, if McSame gets in, and escalates the current conflict to include Iran, the above scenario will happen in a very short time, perhaps one month after the first bombs fall on Iran.

[skyk-2009]

How far will the Dollar fall? The economic policies of the Bush Administration with their Borrow and Spend mentality along with the "Deficits don''t matter" attitude has created the perfect storm! Good luck America and lets all pray we can somehow make it until we can get a true leader in the White House who will act to restore this nation''s economy.