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  #1  
Old 11-18-2007, 08:33 PM
kimchi kimchi is offline
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Default OPEC interested in non $US currency

Obviously this call at the OPEC heads os state summit in Riyadh on Sunday was led by Ahmadinejad and Chavez, but if they can get past the brown-nosing King Abdullah and start trading oil in a basket of non-USD currencies (read less soft currencies) then this could put huge selling pressure on the USD. I wonder what the Chinese and Japanese would do with all their holdings if this were to happen?


[ QUOTE ]
'They get our oil and give us a worthless piece of paper,' Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. linkage

[/ QUOTE ]

The man does, after all, have a point.
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Old 11-18-2007, 08:43 PM
Anadrol 50 Anadrol 50 is offline
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Default Re: OPEC interested in non $US currency

Oil will raise tomorrow...
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  #3  
Old 11-18-2007, 10:18 PM
Bump_Bailey Bump_Bailey is offline
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Default Re: OPEC interested in non $US currency

The bombing of Tehran will commence shortly.
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Old 11-18-2007, 10:22 PM
tippy tippy is offline
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Default Re: OPEC interested in non $US currency

Considering that oil has doubled in price and the dollar is only down about 15% in the same time, I don't think the old king should be complaining.
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Old 11-18-2007, 10:35 PM
ArturiusX ArturiusX is offline
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Default Re: OPEC interested in non $US currency

[ QUOTE ]

[ QUOTE ]
'They get our oil and give us a worthless piece of paper,' Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. linkage

[/ QUOTE ]

The man does, after all, have a point.

[/ QUOTE ]

Yes, the US currency dropping in value makes it worthless. Can I roll my eyes now?
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  #6  
Old 11-19-2007, 10:55 AM
West West is offline
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Default Re: OPEC interested in non $US currency

What do you guys think about this:

http://www.forbes.com/markets/feeds/...fx4348464.html
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