A strengthening dollar is bad for the world economy

Re:A strengthening dollar is bad for the world economy by PietdeVries on Thursday December 01, 2016 @10:41AM (#13080066)

With the drop in oil prices from the past years, getting oil out of the ground in the US became too expensive. A lot of newly installed sites were closed because they could only operate efficiently with an oil price near $80 a barrel. I am quite sure the US imports a lot of oil...

Edit: quick results from 2015: 25% is imported. https://www.eia.gov/tools/faqs/faq.cfm?id=32&t=6

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Re:A strengthening dollar is bad for the world economy by knz on Thursday December 01, 2016 @12:15PM (#13081150)

Isn't that part of why Republicans are pushing for increased exploration/extraction in many of the public lands found in the west/Alaska?

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Re:A strengthening dollar is bad for the world economy by tracker1 on Thursday December 01, 2016 @11:43AM (#13080750)

And when resources start running out elsewhere, it will eventually shift back, that isn't necessarily a bad thing.

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