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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: lurqer who wrote (16086)	3/31/2003 2:29:28 PM
From: Jim Willie CB	Respond to of 89467

nor will the USDollar in its current form / jw

To: lurqer who wrote (16086)	3/31/2003 4:11:35 PM
From: Jim Willie CB	Respond to of 89467

LurqMan, thanks for Petro-Euro article in Faisal Islam excellent article that takes my longstanding claimed expectation to a new level it offers up marketplace motivations for the Arabs to shun the dollar the market will eventual price oil in whatever major world currency is rising plain & simple the economics demand it, since the time lag between intake of raw commodity and output of refined product is more than a few weeks Russia is awash in petrodollars but has considerable commerce in Europe, not the USA !!! Russia and Arab nations might soon combine political forces to launch a pricing of oil in euros this might be the centerpiece of Arab Islamic backlash the entire world petroleum industry has gearing within it that handles and assumes dollar stability we no longer have stability just one more log on the Dollar Bonfire European oil companies and intermediate oil firms are being hurt now with the declining dollar this is a factor I had not considered in my USDollar Decline Vicious Circle it is an awesome market force that will blindside the buck thanks again, and keep them coming you are a great world economy newshound / jim