You are viewing a single comment's thread from:

RE: Currency devaluation only matters if you're actually holding the currency or if your income doesn't go up to match the devaluation.

in LeoFinance20 days ago

Europe has always paid a much higher premium than we have, and for good reason (logistics).

Europeans also have much higher taxes on gasoline than the USA does. But their rail system is so much better than ours.

Other than Norway, most of Western Europe doesn’t produce much petroleum. The UK was an exception to that a few decades ago, but their share of North Sea oil petro production has dropped off dramatically since then.