Quote:
Originally Posted by spunkmaster
Don't you understand there's plenty of oil in the US but they cap the wells
until the price is too high.
All the Gov't has to do is cut off all tax breaks to the oil companies unless they start pumping and prices won't be Hurt by the euro.
The US also has technology that can replace oil pretty fast if the market demands it so don't think oil will be the downfall of the USA !
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No, you misunderstood - I'm not talking about the American's
need for oil. Oil drives the world economy and its trading currency is the US$. If OPEC ever switched to the Euro, the $ would be internationally dead. And along with it the US's only strength.