# The "Oil Prices" thread.

**URL:** <https://forums.speedlife.net/t/the-oil-prices-thread/44739>\
**Category:** NYSpeed Off Topic\
**Created:** [March 10, 2008, 10:44am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739 "2008-03-10T10:44:58Z")\
**Posts on this page:** 1\
**Showing post:** 438

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**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\
**Post date:** [June 6, 2008, 6:19am UTC](https://forums.speedlife.net/t/the-oil-prices-thread/44739/438 "2008-06-06T06:19:26Z")

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> [@Fry](#):
>
> Is this from the EU telling us bloody americans to piss off by jacking their interest rates?

Pretty much yes.

That and the unemployment rate jumping to 5.5, which means the fed can’t raise our rates, which means the dollar will fall today. More investors will buy oil as a hedge against the falling dollar.

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