currency Archive

  • frog

    Oil, the Monetary Merry-Go-Round and US Dollar Dominance - by frog



    I think that everyone would agree that it would be disastrous for the world economy if its reserve currency, the US dollar, collapsed. Many people blame today’s high oil price on the decline of the dollar, but that doesn’t tell the whole story. The price of oil has risen 110% in a few years while [...] read more
    May 5, 2008 11:03 am - 30 Comments
  • frog

    The end of Petrodollars - by frog



    I wrote a huge post yesterday trying to tie up a whole lot of interconnected issues, so I’ll try not to go on so long again today. Luckily Celsias has already done it for me with a very full article that covers the links between the traditional trade of oil in US dollars (also known [...] read more
    April 11, 2008 4:23 pm - 21 Comments
  • frog

    Oil Algebra 101 - by frog



    Here’s a maths problem for you. (i.e. I haven’t got time to work it our myself!)  If oil were to remain at yesterday’s record high of $104 per barrel and the New Zealand dollar were to return to its historical average of US60 cents what would the price of petrol be at your local service [...] read more
    March 6, 2008 9:30 am - 21 Comments