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Does Oil have to be $85 before we see RV?
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Does Oil have to be $85 before we see RV?
Since Iraq's 2012 budget stipulates crude oil @ $85 per barrel, does anyone know FOR SURE that our Dinar will not RV until crude oil stabilizes at $85? (Since it has now dropped to less than $85) Thanks!
Rev Philip Hicks- New Member
- Posts : 5
Join date : 2011-06-18
Re: Does Oil have to be $85 before we see RV?
I don't think so, under that assumption when it was $85+ it should have revalued
JMHO
Rantings from just north of 58 this week
JMHO
Rantings from just north of 58 this week
1alaskan- Elite Member
- Posts : 4668
Join date : 2011-06-21
Age : 41
Location : Planet far far away
Re: Does Oil have to be $85 before we see RV?
Why are we worried about NEXT years budget? That doesnt start til Jan anyway?
therealbutterfly- Elite Member
- Posts : 2416
Join date : 2011-08-02
Re: Does Oil have to be $85 before we see RV?
A barrel of oil is traded on the commodity exchange the same way stocks are traded on the stock exchange. The price goes up and down continuously. There is no way to peg any event or budget to the price per barrel of oil. You can base your budget on a per barrel average in accordance with contracts for oil production but the actual price at the commodity exchange is irrelevant.
lonestargreg- Forum Friend
- Posts : 115
Join date : 2011-06-27
Location : Lone Star State
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