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Politics : Foreign Affairs Discussion Group

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To: neolib who wrote (168978)	8/15/2005 7:10:24 PM
From: Noel de Leon	Read Replies (1) of 281500

If oil goes to $100 then the economic problems that will arise coupled with the US debt position will cause serious dislocations in the US economy. If the preferred exchange is PetroEuros then control of the oil market will be in the hands of those countries using the PetroEuros. They bombed Iraq, in part, to get the PetroEuro/PetroDinar off the Iraqi table. Now Iran is working on it. By the way don't expect that China will get compensation for its lost oil deal with Iran after a US invasion. But a lot of countries will be irritated.

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