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Dollar no longer primary oil currency as China begins to sell oil using Yuan
Examiner.com ^
| September 12, 2012
| Kenneth Schortgen Jr
Posted on 09/17/2012 9:08:09 AM PDT by TLI
click here to read article
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To: Bryanw92
drilling won’t make much of a difference if the dollar loses it’s reserve status.
21
posted on
09/17/2012 10:34:46 AM PDT
by
stylin19a
(Obama -> Ransom "Rance" Stoddard)
To: Bryanw92
drilling won’t make much of a difference if the dollar loses its reserve status.
22
posted on
09/17/2012 10:34:58 AM PDT
by
stylin19a
(Obama -> Ransom "Rance" Stoddard)
To: stylin19a
As an issue of national security, we’d have to nationalize the oil reserves and ban the sale of domestic oil outside the US as long as we are importing a single barrel. Its the only stick we can wield to force the world back on the dollar for oil sales.
23
posted on
09/17/2012 10:38:40 AM PDT
by
Bryanw92
(Sic semper tyrannis)
To: Uncle Miltie
Right, I don't think China exports any oil. I don't think any country other than Iran would sell for Chinese currency.
Right now US dollars are still accepted worldwide and are still the world's reserve currency. If Obama is re-elected, of course, all bets are off.
24
posted on
09/17/2012 11:33:14 AM PDT
by
Former Proud Canadian
(Obamanomics-We don't need your stinking tar sands oil, we'll just grow algae.)
To: Emperor Palpatine
25
posted on
09/17/2012 11:42:01 AM PDT
by
swamp40
To: swamp40
They can only hit the west coast.
We can vaporize them off the globe.
Like we should have in 1948.
26
posted on
09/17/2012 11:47:38 AM PDT
by
Emperor Palpatine
("On the ascent of Olympus, what's a botched bar or two?" -Artur Schnabel)
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