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Originally Posted by Lenny2
Iran only controls about 2% of the world's oil supply, so any impact from them switching to euros would be negligible.
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I'm pretty sure its much much higher than that
http://www.mapsofworld.com/world-top...tries-map.html
Its at the very least in the top 10 according to quite a few sources I've looked at
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Originally Posted by Lenny2
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.
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Would you mind explaining this a little more ? Give me a better understanding by educating me instead of calling me an idiot, even a link