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Originally Posted by Coatsy
I guess we'll have to see how this situation with Iran plays out, I fail to see how America can prevent Iran from creating their iranian oil bourse trading oil in euros though.
Whos gonna back America on that one apart from Britain
Btw I think your attitude stinks, no need to be such an asshole.
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Iran only controls about 2% of the world's oil supply, so any impact from them switching to euros would be negligible.
As for your other remarks, you were trying to say that the reason the dollar has been falling is because of the introduction of the euro, which is a preposterous statement. I just called you on your idiocy.
The fall of the dollar has nothing to do with the euro, it has to do with our trade imbalance and our budget deficit. Neither of those things has anything to do with the euro or your delusions about oil being traded for in another currency.