Will the dollar collapse?

Last weekend, the parking lot of the major mall in my area was full of Canadian license plates, tons from Ontario, a few from Quebec, one from Nova Scotia and a Newfoundland.
If you're coming from the Maritimes, it must be a good deal.
BTW, I saw a car that had a license plate frame from a Ottawa dealership, figured it was Jones. ; )

 

I'm confused by this correlation I've heard in the news: The lower the dollar drops, the higher world oil prices will rise.

How can that be? Oil is priced in dollars, and therefore would be getting cheaper for everyone else, everything else (supply, demand, etc.) being equal. If oil were priced in euros instead, we'd be really taking it in the shorts.

 

Are you sure that oil exported by OPEC countries is priced in U.S. dollars?

 

"Collapse?"

Seen from a distance, apparently, it already has.

http://www.guardian.co.uk/usa/story/0,,2200728,00.html

They are not alone. An army of Canadian tourists, shoppers and companies is invading America in a mini-boom caused by a surge in the Canadian dollar and a collapse in the US currency. They come to buy everything from second homes to the day's grocery shopping. Canadians are buying while everything in the US is cheap for them.

 

Absolutely sure.

 

Canadian loonie closed at $1.06 US. yesterday--fifty year high.

 

Great. Detroit now makes cars that people in Darfur can afford but don't want .
We're importing raw materials and making a finished product, too bad that product is Crack.
However at almost $100.00 a barrel for oil, the only people going to be making any money are the folks at Yankee Candle, whose new motto is, Supplier of all the light America can afford..

Good Job Bushie.

 

And in other good news, Chrysler is to eliminate 13,000 jobs.

http://www.reportonbusiness.com/servlet/story/RTGAM.20071101.wchryslerannc1101/BNStory/robNews/home

The bulk of the job cuts will occur at U.S. factories, some of them making new or redesigned vehicles that have not caught on with consumers amid the slump in the U.S. market, but Brampton will lose about 1,000 jobs as the company ends production of the Dodge Magnum station wagon.

Hell in a handbasket.

But hey, those people can always get jobs at Wal-Mart.