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


To: redfish who wrote (40157)3/22/2004 11:11:52 AM
From: Jim Willie CB  Respond to of 89467
 
exactly, here was a May prediction of mine last year

May 2003:
“OPEC and Russia will resort to euro pricing for crude oil”
(see link p.6)
gold-eagle.com

my comments in upcoming article:
As the USDollar has declined in value, OPEC and Russian oil production incomes have been seriously undercut in their terms. A de-facto euro pricing has occurred, announced by OPEC in January 2004. A new oil price interval adjusts for a sliding USDollar to preserve their income stream. The USDollar is being displaced as world reserve currency, with immense fallout.


/ jim