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Old 03-29-2014, 02:41 AM   #1
JuicyBunny
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Please list oil producing countries that....?

Have threatened or are threatening to move their oil sales away from the dollar either to their own currencies or the gold standard.

Russia
Iraq
Iran
Libya
Venezuela
???

From starting wars to assassinations western oil companies do keep busy.
Any other countries come to mind?
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Old 03-29-2014, 04:17 AM   #2
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Libya was best example, they wanted currency backed up by gold/oil.

lol after that usa invade and fucked that leader like shit
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Old 03-29-2014, 04:43 AM   #3
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Libya was best example, they wanted currency backed up by gold/oil.

lol after that usa invade and fucked that leader like shit
There was no US invasion. That was all done by "rebels"

Please try and keep up with the latest news.
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Old 03-29-2014, 05:19 AM   #4
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LOL. True History...

PM Abe of Japan said today the US should be prepared as he expects Putin to unveil some pretty nasty responses if things go south with Barry and the boys.

What pray tell can that mean?
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Old 03-29-2014, 05:28 AM   #5
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There was no US invasion. That was all done by "rebels"

Please try and keep up with the latest news.




Bravo Mr. Putin!
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Old 03-29-2014, 05:34 AM   #6
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All of those countries listed are fucking retarded and the rest of the world doesn't give two shits about them.
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Old 03-29-2014, 06:48 AM   #7
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Umm

US
Canada
Mexico as well as most other South American countries..

There are lots of countries that produce oil, pretending it's rare allows the prices to stay high.. They took that lesson from the De Beers.

Last edited by crockett; 03-29-2014 at 06:50 AM..
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Old 03-29-2014, 07:24 AM   #8
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Umm

US
Canada
Mexico as well as most other South American countries..

There are lots of countries that produce oil, pretending it's rare allows the prices to stay high.. They took that lesson from the De Beers.
Which of those countries have threatened or even tried to move away from the USD-$$$$??
Re-read the OP. Imagine what would happen to the EU if Putin shifted sales say, to Asia.
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Old 03-29-2014, 07:30 AM   #9
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Which of those countries have threatened or even tried to move away from the USD-$$$$??
Re-read the OP. Imagine what would happen to the EU if Putin shifted sales say, to Asia.
hmm, that's like saying "I will shift my website sales to Australia"...
that's not how it works, you sell where the buyers are...
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Last edited by woj; 03-29-2014 at 07:32 AM..
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Old 03-29-2014, 08:07 AM   #10
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hmm, that's like saying "I will shift my website sales to Australia"...
that's not how it works, you sell where the buyers are...
..and the EU buys from Russia because it's cheaper..if Russia tries to play price war on the EU then the EU will stop buying and Russia will be stuck trying to offload their oil at what ever price they can get. Negative actions by Russia harm Russia as much or more than anyone else. That is the power of globalization..

Yes Russia could harm the EU on short term with price gouging but in the long run Russia loses.

Last edited by crockett; 03-29-2014 at 08:09 AM..
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Old 03-29-2014, 08:11 AM   #11
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China, Russia's next door neighbor is an extremely willing customer. Russians are known for their punitive nature. Correct?

Lets see what unfolds.
Putin has no love for the EU that's certain.
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Old 03-29-2014, 08:11 AM   #12
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hmm, that's like saying "I will shift my website sales to Australia"...
that's not how it works, you sell where the buyers are...
Right. Hello, China!
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Old 03-29-2014, 08:35 AM   #13
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..and the EU buys from Russia because it's cheaper..if Russia tries to play price war on the EU then the EU will stop buying and Russia will be stuck trying to offload their oil at what ever price they can get. Negative actions by Russia harm Russia as much or more than anyone else. That is the power of globalization..

Yes Russia could harm the EU on short term with price gouging but in the long run Russia loses.
You should check the facts before getting too excited.

EU gets a third of its energy from Russia and no country on earth could survive a one-third cut in energy. EU needs Russian oil but Russia no longer needs Europe as a customer.

Russia finished the final stage of the East Siberia-Pacific Ocean pipeline in 2013 ->
http://oilprice.com/Energy/Crude-Oil...-Supplies.html
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Old 03-29-2014, 08:43 AM   #14
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Right. Hello, China!
China and everyone else buys what they need... why would China or anyone else suddenly start buying more?

It's like a webshost losing a big webmaster and now has 1000 servers available... are you going to buy those servers? of course not... maybe if the webhost would offer you a great deal on them you would pick an extra one up... but other than that it's webhost's problem that they have extra inventory... no?
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Last edited by woj; 03-29-2014 at 08:44 AM..
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Old 03-29-2014, 08:49 AM   #15
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You should check the facts before getting too excited.

EU gets a third of its energy from Russia and no country on earth could survive a one-third cut in energy. EU needs Russian oil but Russia no longer needs Europe as a customer.

Russia finished the final stage of the East Siberia-Pacific Ocean pipeline in 2013 ->
http://oilprice.com/Energy/Crude-Oil...-Supplies.html
I think it's way easier to replace 1/3rd of energy (West), then 2/3rds of one's economy (Russia)...

(~2/3rds of Russia's economy is based on exporting energy to the West)
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Old 03-29-2014, 09:24 AM   #16
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I think it's way easier to replace 1/3rd of energy (West),
It is impossible to replace at least not in the near future.


Quote:
Originally Posted by woj View Post
then 2/3rds of one's economy (Russia).
I think it is easier to replace machinery and goods.

But anyway, these things will never happen. No one (maybe except Polaks and Baltic states) supports sanctions against Russia.

Last edited by evy97; 03-29-2014 at 09:30 AM..
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Old 03-29-2014, 09:26 AM   #17
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i want to believe!

lol.
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