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To: mishedlo who wrote (255137)8/11/2003 11:49:17 PM
From: B.REVERE  Read Replies (1) | Respond to of 436258
 
If the US$ was no longer the choice of currency for oil
in the ME, then as the dollar weakened against other currencies, the cost for oil would increase not only as
the commodity's price rose but also during the currency exchange. The only way for the US to pay back its debt is to devalue its currency. The price of energy for consumers and manufacturers would dramatically increase and cripple the economy.