Alt-Market does a great job in explaining the current run-up in oil prices. No, it is not lack of supply! Of course, the proverbial bottom-line in which no one is focusing on for the root cause of the problem is the continued fiat, monetary expansion by the Federal Reserve System that depreciates the dollar. And, why is this debasement of the dollar significant?
Answer: The world's oil market is denominated in dollars. Therefore, it takes more dollars to purchase the crude!
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