Most analysts see the plummeting dollar as the main reason behind a new rise in oil prices. On Tuesday, the price of one barrel in New York traded at more than 109 US dollars. The dollar has fallen to its lowest point against the euro.
11 March 2008
Voice of Russia World Service
Here is the real cost of George W Bush’s neo-Cold War policies. The US dollar has fallen 20 percent against the rouble since he took office, and it has suffered as badly (or worse, as in the case of the Canadian dollar) against other currencies. This does put US propaganda about Russia being a Third World economy in a new light, doesn’t it?