# Why oil company profits are good

**URL:** <https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930>\
**Category:** NYSpeed Off Topic\
**Created:** [October 31, 2007, 11:02am UTC](https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930 "2007-10-31T11:02:29Z")\
**Posts on this page:** 1\
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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:** [November 1, 2007, 6:00am UTC](https://forums.speedlife.net/t/why-oil-company-profits-are-good/37930/19 "2007-11-01T06:00:32Z")

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^ Partly true. A lot of it has to do with the fact that the dollar is so weak right now. The price in euroes per barrel shows that oil isn’t really that high, at least historically.

In terms of national economics the weak purchasing power of the dollar gets offset by the increase in companies wanting to buy US products, since their dollar goes farther.

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