Since oil prices are denominated in dollars, as the dollar strengthens, oil prices fall for U.S. consumers, all else equal. But petroleum product purchases by consumers in most countries aren’t denominated in dollars, so the fall in dollar-denominated oil prices isn’t experienced in the same way for them, writes Mark Agerton, graduate fellow at the Center for Energy Studies, in a new Forbes blog.
Read "Oil Price, Exchange Rates and the Convoluted Impact of Sanctions on Russia" in the April 27, 2015, Forbes blog.
Peter J. Hotez
Apr 22 2021 | Center for Health and Biosciences
Apr 20 2021 | Center for the U.S. and Mexico