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Originally Posted by Coatsy
Well I would have to disagree with that, define long term ? 50, 100 years ? Perhaps afer 50 or 100 years it will become a significant liability for the stability of the currency in which the trade is conducted (due to oil running out)
You have to remember Americas economic prosperity and benifits from selling oil in dollars only started in 1971 - Thats only been 35 years.
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and before that America was unprosperous? why, thats preposterous!
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Originally Posted by Coatsy
So even if there was only 35 years left of oil and the euro was the internation oil currency reserve and was trading oil for euros they would have that economic prosperity that America has enjoyed for the past 35 years !
So I think my point is still valid and stands
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no it doesn't. The 1960s (before your prosperity hypothesis) were some of the most prosperous times in America and surprisingly, the worst economic times in recent memory were the 70s (after oil was bought with the dollar when you're saying should have been the best of times)
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Originally Posted by Coatsy
Why does it not hold water ? Iraq started trading their oil in euros in 2001, America had to make a stand pretty fast to stop a potential domino effect with other OPEC countries changing to euros (which would have destroyed Americas economy)
So 9/11 happened, gives them a valid reason to invade Afghanistan to seize the Caspian Basin oil, I'll explain the importance of Afghanistan below
the groundwork for the current U.S. military actions in Afghanistan was being built up for several years. What comes into focus is that the September 11th terrorist attacks have provided a qualitatively new opportunity for the U.S., acting particularly on behalf of giant oil companies, to permanently entrench its military in the former Soviet Republics of Central Asia, and the Transcaucusus where there are vast oil reserves-the second largest in the world. The way is now open to jump start projects for oil and gas pipelines through Afghanistan and Pakistan to Karachi on the Arabian Sea-the best and cheapest route for transporting those fuels to market. Afghanistan, itself, also has considerable amounts of untapped oil and gas, as does Pakistan.
Afghanistan was like hitting 2 birds with 1 stone, they seize the oil from Afghanistan in October 2001 and it gives them a base to start their miltary build up for the war in Iraq in 2003
What events don't fit what I'm saying ? I think it all fits in just about right and it also makes logical sense based on whats happened over the past 5 - 6 years
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it doesn't hold water because its fantasy.
you have nothing credible to support your "build up of groundwork for afganistan invasion" story.
also, there's been no oil seized from afganistan.