The Epic Battle Over Crude Oil And The US$

clayton4115 · 12-06-2007, 05:00 AM

http://www.sharecafe.com.au/cafetake.asp?a=AV&ai=6402

samiam · 12-06-2007, 06:26 PM

This is a very important issue to post here (or FHOPol) and a pretty good review of it, although its a bit on the long side. The OP should include a synopsis, or at least tell the casual reader what the issue is...

Here's my take on it. US dollar is crashing (a positively accelerating decreasing function). World oil prices, being tied to the $USD are skyrocketing. While this is good for the oil-cronies of the current US administration, it is also very good (if not better) for the administration's stated enemies (e.g., Chavez of Venezuela and Ahmadinejad of Iran).

It is bad for the ROW who pay an increasing amount of their GNP into the treasuries of the oil-oligarchs. Or is it good? It may stimulate the development of other energy sources...

What it will do is see the fall of the $USD as the international currency of trade. When it happened to the British pound it spelled the end of their empire...

Pinto Girl · 12-06-2007, 07:50 PM

I'm going to rearrange a few more deck chairs...from this angle, you can hardly see the list.

12-06-2007, 05:00 AM	#1
clayton4115 Member Join Date: Nov 2007 Location: brisbane australia Posts: 53 My Car: Other Non-Hybrid Model: Package: N/A Thanks: 0 Thanked 0 Times in 0 Posts Friends: 0	The Epic Battle Over Crude Oil And The US$ http://www.sharecafe.com.au/cafetake.asp?a=AV&ai=6402

12-06-2007, 06:26 PM	#2
samiam Antipodean Prius Poster Join Date: Jun 2007 Location: Enn Zed Posts: 2,441 My Car: 2004 Prius Model: Package: Thanks: 2 Thanked 27 Times in 21 Posts Friends: 10	This is a very important issue to post here (or FHOPol) and a pretty good review of it, although its a bit on the long side. The OP should include a synopsis, or at least tell the casual reader what the issue is... Here's my take on it. US dollar is crashing (a positively accelerating decreasing function). World oil prices, being tied to the $USD are skyrocketing. While this is good for the oil-cronies of the current US administration, it is also very good (if not better) for the administration's stated enemies (e.g., Chavez of Venezuela and Ahmadinejad of Iran). It is bad for the ROW who pay an increasing amount of their GNP into the treasuries of the oil-oligarchs. Or is it good? It may stimulate the development of other energy sources... What it will do is see the fall of the $USD as the international currency of trade. When it happened to the British pound it spelled the end of their empire... __________________ Cogito Ergo Sam "BOO" the 2004 Spectra Blue Mica Mystery Spec

12-06-2007, 07:50 PM	#3
Pinto Girl Senior Member Join Date: Aug 2006 Location: California Posts: 3,095 My Car: Other Non-Hybrid Model: N/A Package: N/A Thanks: 68 Thanked 342 Times in 245 Posts Friends: 0	I'm going to rearrange a few more deck chairs...from this angle, you can hardly see the list.