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**QEoMi752** · 06-02-2012, 11:24 PM

He cited world consumption.. Because, under the current scheme, that's where it is going. Onto the world market.

We don't have national oil companies.

Also the world price of crude is measured in American dollars, so all this 'quantitve easing' is driving up prices by inflation. The devaluation of the greenback.

06-02-2012, 11:24 PM	#22
QEoMi752 Join Date Oct 2005 Posts 458 Senior Member	He cited world consumption.. Because, under the current scheme, that's where it is going. Onto the world market. We don't have national oil companies. Also the world price of crude is measured in American dollars, so all this 'quantitve easing' is driving up prices by inflation. The devaluation of the greenback.
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