PetroEuros: a threat to US interests in the Gulf?

Discussion in 'Politics & Religion' started by 2cents, Jul 5, 2006.

  1. good post. that was one of the most unbiased reads I've seen on the subject so far.

    his conclusion = our trade deficits and budget deficits are a bigger threat to the dollar than oil pricing issues.
     
  2. jem

    jem

    he explained why the conversion to euros was not likely to happen anytime soon but he not really address the important. Is the conversion to euros a threat. (except for the seniorage (sp) - which is a minor deal)
     
  3. jem

    jem

    My question was mangled. I did not really see the author address the question of whether the change to pricing Oil in Euros would have a significant effect on the U.S.