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Two responses saying "oil and gas are more expensive, but that is other causes"... forgetting that oil and gas are priced in dollars. So the exchange rate is ce
by mellavora 4y ago
Two responses saying "oil and gas are more expensive, but that is other causes"... forgetting that oil and gas are priced in dollars. So the exchange rate is certainly a cause (i.e. 20-30% of recent moves), though agree not the main cause (recent moves are > 100%, mostly due to Russia tightening the pipe).
- asldjajlfkj 4y agoFor totally fungible assets (e.g. stocks) that’s true. Not so much for gas, where it is sold and bought with a regional restriction. Exchange rates are transparent to the market situation.