88 - SUWEET!

[Bill]

At this rate we'll hit $100 in days.

Iraq is rich beyond the dreams of Midas.

The new Oil Kings!

And we own iraq, yay us!

[Cat slave]

But Iraqs oil contracts curiously passed over the USA.

[Bill]

But Iraqs oil contracts curiously passed over the USA.

Oh well, sucks to be us.

But the corporations are gonna party like it's 1999.

[Cat slave]

Youre funny!

[Americanadian]

They'll need more value in a barrel of oil if the dollar continues to plummet. Shit the Canadian dollar is worth more right now. That hasn't happened in 30 years.

[UserName]

Oh well, sucks to be us.

But the corporations are gonna party like it's 1999.

When Saddam started the conversion to the euro on Iraq’s oil exports in the fall of 2000 his days were numbered. The mighty American dollar would have become worth less than the paper it was printed on if all the countries in the ME decided to go to the euro when selling a barrel of oil.

In 2005-2006, the Tehran government had developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market.

Look it up folks, this war in Iraq and the upcoming war with Iran is all about oil and how it is bought and sold on the world market. The Saudis have huge investments in the US so they will not go to the euro..... yet. If buyers have a choice of buying a barrel of oil for $50 dollars on the NYMEX and IPE - or purchase a barrel of oil for €37 - €40 euros via the Iranian Bourse, (this assumes the euro maintains its current 20-25% appreciated value relative to the dollar and assumes that some sort of "intervention" is not undertaken against Iran) the upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world, global oil and gas trades will hurt America more than any terrorist attack ever could.

And as Canada, the biggest exporter of natural gas and oil to the US, is treated like shit with it's softwood lumber dispute, grain dispute, passport dispute, and a number of other disputes with the US, and pushed more toward European markets, the US dollar looks more and more worthless every day in my humble opinion.

[Americanadian]

When Saddam started the conversion to the euro on Iraq’s oil exports in the fall of 2000 his days were numbered. The mighty American dollar would have become worth less than the paper it was printed on if all the countries in the ME decided to go to the euro when selling a barrel of oil.

In 2005-2006, the Tehran government had developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market.

Look it up folks, this war in Iraq and the upcoming war with Iran is all about oil and how it is bought and sold on the world market. The Saudis have huge investments in the US so they will not go to the euro..... yet. If buyers have a choice of buying a barrel of oil for $50 dollars on the NYMEX and IPE - or purchase a barrel of oil for €37 - €40 euros via the Iranian Bourse, (this assumes the euro maintains its current 20-25% appreciated value relative to the dollar and assumes that some sort of "intervention" is not undertaken against Iran) the upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world, global oil and gas trades will hurt America more than any terrorist attack ever could.

And as Canada, the biggest exporter of natural gas and oil to the US, is treated like shit with it's softwood lumber dispute, grain dispute, passport dispute, and a number of other disputes with the US, and pushed more toward European markets, the US dollar looks more and more worthless every day in my humble opinion.

Don't forget the beef dispute too. :D

[UserName]

Don't forget the beef dispute too. :D
What??? There's an beef beef too???:D

[Moby]

In 2005-2006, the Tehran government had developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market.

Look it up folks, this war in Iraq and the upcoming war with Iran is all about oil and how it is bought and sold on the world market. The Saudis have huge investments in the US so they will not go to the euro..... yet. If buyers have a choice of buying a barrel of oil for $50 dollars on the NYMEX and IPE - or purchase a barrel of oil for €37 - €40 euros via the Iranian Bourse, (this assumes the euro maintains its current 20-25% appreciated value relative to the dollar and assumes that some sort of "intervention" is not undertaken against Iran) the upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world, global oil and gas trades will hurt America more than any terrorist attack ever could.

Iran won't make that push until they want a government change in the USA. If Fred or Giuliani gets elected they won't do it. If Hillary gets elected they will so that they can bring in Jeb and really destroy this country.

[UserName]

Iran won't make that push until they want a government change in the USA. If Fred or Giuliani gets elected they won't do it. If Hillary gets elected they will so that they can bring in Jeb and really destroy this country.

Militarily, America cannot be beat, and the story used to be that economically America could not be beat either. But under this dishonest and malfeasant administration America has been brought to the brink. The dollar looks weak, internal troubles abound, the military is stretched thin, and the reicht-wing reactionary Republicans haven't got a clue on what to do to fix it.

[LadyMod at scam.com]

Militarily, America cannot be beat, and the story used to be that economically America could not be beat either. But under this dishonest and malfeasant administration America has been brought to the brink. The dollar looks weak, internal troubles abound, the military is stretched thin, and the reicht-wing reactionary Republicans haven't got a clue on what to do to fix it.


True, the best they have been able to muster is to blame it on the Democrats. :rolleyes:

[Cat slave]

Militarily, America cannot be beat, and the story used to be that economically America could not be beat either. But under this dishonest and malfeasant administration America has been brought to the brink. The dollar looks weak, internal troubles abound, the military is stretched thin, and the reicht-wing reactionary Republicans haven't got a clue on what to do to fix it.

We are beaten economically when we keep wallowing in free trade that leaves
us with monumental deficits. Somebody better wake up quick and stop the
deluge of junk from China....bring back tariffs equal to the ones "they" lay on
our products. Now thats a level playing field!:mad: