Replies to post #59229 on *** ALL THINGS MONEY >>>> ATM ***

[reaper247]

Thanks for the article griff. I swore to myself I wasn't going to watch markets tonight, but I had to take a peak.

Everyone has seen the decline in commodities because of the strong dollar, and while OPEC stands its ground against American shale producers in regards to market share, I am curious about the impact of petrodollars.

http://en.wikipedia.org/wiki/Petrodollar

Its just a wrinkle that I have been thinking about lately since I have seen people using $USD overlays on $WTIC and $BRENT charts.

$GASO charts show the same decline which isn't a surprise, but I wonder if the decline in commodities overall is related more to the pricing of petrodollars by OPEC oil purchasers versus the scapegoat of over production by domestic shale producers.

Just a thought.

Thanks again for the article.

IMO and FWIW.