[Pylot]

You don't really think we would stop the economy here do you?? We use 25 out of every 100 barrels of oil produced.

The threat to the US from these oil suppliers demanding payment in Euros is that our outbound dollar flow would be seriously interrupted. That would have an enormous impact on you and me. As long as we increase the money supply everything is fine. Oil provides a great mechanism for moving our dollars out of the US. Disrupt that and there will be hades to pay.

Imagine that we had to purchase Euros in order to purchase oil.

That may not be the only reason we went after Saddam (which I totally support by the way) but you can bet that it was a factor.

In any case the connection to the currency that the oil producers accept in payment and the state of our economy may not be as distant as you assume.

[Ninian Dryhope]

So, do you think we invaded Iraq to keep them from selling their oil in Euros?

[Toddsterpatriot]

The threat to the US from these oil suppliers demanding payment in Euros is that our outbound dollar flow would be seriously interrupted. That would have an enormous impact on you and me. As long as we increase the money supply everything is fine. Oil provides a great mechanism for moving our dollars out of the US. Disrupt that and there will be hades to pay.

Imagine that we had to purchase Euros in order to purchase oil.

Do you notice the flaw in your reasoning?