The Prices of USD, Oil, and U.S. Fiscal and Monetary Policies

Oil is priced in U.S. Dollar (USD or US$); therefore, the oil price becomes strongly linked to fluctuations to the strengths and weaknesses of the USD. The USD is the world’s dominant reserves currency, and changes to its exchange rate are closely linked to the monetary policies of the U.S. Federal Reserve (the Fed inContinue reading “The Prices of USD, Oil, and U.S. Fiscal and Monetary Policies”

The Price of Oil

Crude oil is the world’s biggest and most important traded commodity. In some earlier articles, like this and this, I explored for relations between the oil price, the world’s credit creation and interest rates. This is a continuation of my exploration of how the world’s credit creation affects the structural level of the oil price.Continue reading “The Price of Oil”

Developments in Energy Consumption and Private and Public Debt per 2016

For some time I have explored the relations in developments for total debt [private and public], interest rates, Gross Domestic Product (GDP) energy consumption and thus also the oil price. My theory has been that there are relations between changes to total debt and energy consumption and thus energy prices. Changes to total credit/debt shouldContinue reading “Developments in Energy Consumption and Private and Public Debt per 2016”