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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (30006)	3/30/2003 3:02:12 PM
From: c.hinton	Read Replies (2) \| Respond to of 36161

if oil is priced in euros and the euro strenthens oil will cost more for americans.

To: Frank Pembleton who wrote (30006)	3/30/2003 6:08:12 PM
From: A Horse With No Name	Respond to of 36161

Frank he is talking of a dollar crash (not a controlled decline) if this were to happen since it will develop into a landslide as every oil producing nation would at least partly convert their dollars to euros.this dollar crash in turn will trigger all sorts of derivative problems. By the way if the Germans and the French are smart enough they will try to aim their exports towards China(the largest consumer) and forget about the United States (soon to be the largest ex-consumer).Of course that would only work if the Chinese stop pegging their currency to the dollar(an event which is in development as pressured by the world trade organization).