GreenEnergyForEarth.com – Alternative Energy News and Green Products

When oil prices rise, the Canadian dollar usually rises because Canada is a major exporter of oil. The Canadian Economy benefits from higher oil prices. The reverse is true for Japan, which imports most of its oil. The Japanese Yen falls in value when oil prices rise. In addition to the correlation with these currencies, higher oil prices creates more interest in alternative energy including solar power, wind energy and biofuels. The stocks of companies in these industries often rise when oil prices increase.