The Yuan and Oil Investors and speculators around the world are considering how the global oil price and the price of gasoline at the pumps can be increasing in the face of rising global oil inventories and no increase in demand for anything in the US. The reason for this dates back to the 70’s when the OPEC nations formed and initiated an embargo, while pegging the oil prices against the US dollar, to make up for losses incurred when the US went off the gold standard. In order to […]