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To: rfp1234
Among many other things, it prevented Iraq from tying its oil sales to the Euro rather than to the petrodollar (which, with other oil producers following suit, would have had a devastating effect on the US economy).

This is the only thing you list that actually benefits us. You're saying that we did it for oil. We can see how many people are ok with that.

But the fact is, the other oil producers, especially Iran and Venezuela, are still talking about switching to the Euro, so it could well happen anyway.

334 posted on 11/24/2006 9:06:49 PM PST by The Old Hoosier (Right makes might.)
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To: The Old Hoosier

--other oil producers, especially Iran and Venezuela, are still talking about switching to the Euro, so it could well happen anyway--

The U.S. gets 80% of Venezuela's oil exports. If Hugo wants to commit political / economic suicide, he can be my guest.


459 posted on 11/24/2006 10:20:07 PM PST by rfp1234 (I've had it up to my keyster with these leaks!!! - - - Ronald Reagan)
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