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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (1771)8/18/2008 3:12:57 PM
From: Hawkmoon  Read Replies (2) | Respond to of 86356
 
Tim,

Its a purchase not a transfer. Transfers are giving someone something for nothing.

That's only correct when trade is balanced. And trade between oil exporters and importers isn't..

Oil remains one of the largest contributors to our international trade deficit. Those are US dollars that are not being spent back in the US.. at least not as equal trade. Perhaps as purchases of US debt, but that's a whole other matter.. ;0)

iht.com

Hawk