About Oil Prices

tsloan71 asked:


Is it possible that by selling major oil companies stock and re-fusing to purchase in vestments with those companies would that force these companies to drop the market value for there product? If this resource is being traded as a commodity instead of using the don’t buy gas from that company to force price change. Would it not be more effective if everyone sold stock in those companies and re-fursed to purchase stock or investments with those compnies and sub-companies to bring the price of oil down???

Charles

Just Me asked:


1) because of imported inflation, as US is import reliant and rising oil prices leads to imported inflation, since imports are now more expensive.

2) Also, since oil from OPEC is paid for in USD, what is the impact of rising oil prices on USD? lesser demand for oil leading to lesser demand for USD?

am i correct on both points, or is my reasoning flawed?

Victor