Quote:
Originally Posted by mozadek
Inflation and the wear dollar is the cause for high oil. Oil is traded in dollars and OPEC wants to get their money's worth. Instead of using another currency they just raise the price for a barrel of oil to make up the difference.
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Yeah, oil is traded in dollars; so if we fuck with the oil countries, like we are, then they
can devalue the dollar by not accepting it for oil.
The arabs want the US out of the middle east and have started using their economic power under the table to weaken the dollar.
Venezuela stop taking dollars for oil after Hugo Chavez got tired of Bush.
It's like looking at the end of the problem and ignoring the start of the problem when people say the dollar sinking is the cause of high prices.
If we get out of the middle east these countries will stop fucking with the dollar.
Don't foget that china opposed the Iraq war and they hold billions in US bonds and the fear that china would cash those bonds in also drove the dollar down.