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ryan1234 · 09-03-2008, 11:10 AM

I wouldn't say that oil is falling... The dollar is just on the rise.

btw... if oil companies get taxed on their profits too heavily (they have a global market, not just us).. they will either move to another country or just increase price to make the same profit. Their profit is a function of the market. If they move to another country and we tax their imports, they will limit their supply to us (since they can make better profit shipping it somewhere else) Any one of the situations will result in the dollar taking a huge dive.... in turn making oil cost quite a bit on top of increasing supply problems in the US.

09-03-2008, 11:10 AM	#19 (permalink)
ryan1234 Gets Weekends Off Joined APC: Jun 2008 Position: on the flip side Posts: 505	I wouldn't say that oil is falling... The dollar is just on the rise. btw... if oil companies get taxed on their profits too heavily (they have a global market, not just us).. they will either move to another country or just increase price to make the same profit. Their profit is a function of the market. If they move to another country and we tax their imports, they will limit their supply to us (since they can make better profit shipping it somewhere else) Any one of the situations will result in the dollar taking a huge dive.... in turn making oil cost quite a bit on top of increasing supply problems in the US. __________________ Thank God we don't get as much government as we pay for!