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215 comments on DrumBeat: June 12, 2006

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Magnus Redin on June 12, 2006 - 10:33am Permalink | Subthread | Parent | Comments top
Why would a small currency market have a harder time to buy oil? My first guess is that it should depend on the competetiveness of the industry in the small currency market and the industry and infrastructure efficiency. Is there something inherently bad with having a small currency such as SEK?
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wstephens on June 12, 2006 - 10:49am Permalink | Subthread | Parent | Comments top
"Infrastructure efficiency" was what I was thinking, perhaps I over-generalized using EM.  For instance, I read somewhere that the average speed of a truck in India was something like 25 mph.
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sonofacoporatemonkeyboy on June 12, 2006 - 3:59pm Permalink | Subthread | Parent | Comments top
I think when gas prices hit $6/gallon the US should adopt the metric system.  It might not be so overwelming.  $1.60/litre is not so frightening and the controversy will take away from the real issue.
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tate423 on June 12, 2006 - 4:13pm Permalink | Subthread | Parent | Comments top
I like the trickery...u know it would work too that's the sad part.
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Magnus Redin on June 13, 2006 - 9:22am Permalink | Subthread | Parent | Comments top
That is almost exactly the Swedish petrol price with taxes.
People complain about it but they do not revolt.

Go for it, every killing of a "funny unit" is a good kill.

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215 comments on DrumBeat: June 12, 2006

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