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Wednesday, March 27, 2013

US oil production is a game changer in US$ economics

A major top is in the making.
Scenery is changing.
From $US dollar bear to $US dollar Bull
US housing recovery -> foreign investment ?

This article is supporting US$ bullish case.
US imports less oil now comped to before
US now produce more oil than the middle east.

Now US becomes a variable in Oil production (supply)
While at the same time controls the US$

And currencies are relative to one another
If both are weak, the less weak is actually stronger than the weaker,
In this case US$ is stronger than Euro.

http://www.fool.com/investing/general/2013/03/22/americas-next-boom.aspx

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