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Best Answer LandmarkWealth says
Interesting, the price of oil didn't go up, the value of the dollar went down! I agree. This really hurts the middle class. Good thing the Fed announced a QE3 today. Soon, it may be cheaper to burn twenties than gas.
The correlation is not precise daily. But QE will push up commodity prices. Gold soared today expectedly. It's really QE4...Operation Twist was as good as QE3
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We are being charged foreign oil prices for domestic oil in addition to oil prices being speculated. The guy that does the speculating works for the oil companies and is not accountable to anyone that is until the government needs to blame someone.