What will happen to the USD when... - GoFuckYourself.com

69pornlinks · 10-27-2004, 04:48 PM

oil start being traded via EUROS....hmmm i wonder

WarChild · 10-27-2004, 04:50 PM

What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere?

Hmmmm.

69pornlinks · 10-27-2004, 04:51 PM

Quote:

Originally posted by WarChild
What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere?

Hmmmm.

lol

Warden · 10-27-2004, 04:52 PM

Quote:

Originally posted by WarChild
What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere?

Hmmmm.

Well I doubt that will ever happen in our lifetimes, so I guess it won't matter.

pxxx · 10-27-2004, 04:52 PM

Quote:

Originally posted by WarChild
What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere?

Hmmmm.

What a good way to put an end to a preposterous question.

WarChild · 10-27-2004, 04:54 PM

Quote:

Originally posted by 69pornlinks
lol

Seriously though. At current production rates, I believe the Middle East will be exhausted of crude oil before much of the large reservers in North America are tapped.

Alberta, Alaska, Gulf of Mexico, South America. Nations all bound together with the US by NAFTA and CAFTA. Don't you think that would have some effect on the value of the Euro?

WarChild · 10-27-2004, 04:55 PM

Quote:

Originally posted by Warden
Well I doubt that will ever happen in our lifetimes, so I guess it won't matter.

Are you kidding me? With China's growing oil consumption and the always hungry USA, the Middle East could well be dried up in under 50 years.

69pornlinks · 10-27-2004, 05:01 PM

Quote:

Originally posted by WarChild
Seriously though. At current production rates, I believe the Middle East will be exhausted of crude oil before much of the large reservers in North America are tapped.

Alberta, Alaska, Gulf of Mexico, South America. Nations all bound together with the US by NAFTA and CAFTA. Don't you think that would have some effect on the value of the Euro?

good point

i never looked at it in this light, well they better start soon becsue russia have hinted at dropping the dollar in favor of the euro also chinia...i'm no geopolitical guru so fuck what i heard

WarChild · 10-27-2004, 05:05 PM

Quote:

Originally posted by 69pornlinks
good point i never looked at it in this light, well they better start soon becsue russia have hinted at dropping the dollar in favor of the euro also chinia...i'm no geopolitical guru so fuck what i heard

Start soon? It's well in hand from what I can see. Encourage China's industrial growth and millitary spending. The faster the Middle East is sucked dry, the faster it can be forgotten about. Saudia Arabia without oil might as well be Sudan and clearly nobody cares what happens in Sudan.

I'm no expert in International affairs myself, just commenting on what I see happening.

M_M · 10-27-2004, 05:05 PM

its gonna last 50+ more years

so who cares

Chichio · 10-27-2004, 05:08 PM

Quote:

Originally posted by WarChild
What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere?

Hmmmm.

Wow, you're totally right and I'm not sure how many people actually know that.

Chichio · 10-27-2004, 05:10 PM

Quote:

Originally posted by 69pornlinks
oil start being traded via EUROS....hmmm i wonder

Tis the era for everyone to turn their backs on the United States. I have every confidence in my country and I think there will be regrets abroad in the future.

WarChild · 10-27-2004, 05:17 PM

Quote:

Originally posted by Chichio
Tis the era for everyone to turn their backs on the United States. I have every confidence in my country and I think there will be regrets abroad in the future.

What I don't understand is the attitude of some American's towards Canada. We might not be a super power millitary wise, but we are your biggest trading partner and a giant reserve of natural resources (of all types!).

Rich · 10-27-2004, 05:18 PM

It's probably not going to happen, but if the USD lost it's oil standard the US economy would collapse. Any economist knows that.

doober · 10-27-2004, 05:18 PM

the most retarded part is thinking that we will still be using our cars in 50 years.....as if we cant comeup with a better way to travel or an alternative fuel that isn't so polluting and as scarce as oil....

big business set themselves up real nice

Chichio · 10-27-2004, 05:22 PM

Quote:

Originally posted by WarChild
What I don't understand is the attitude of some American's towards Canada. We might not be a super power millitary wise, but we are your biggest trading partner and a giant reserve of natural resources (of all types!).

I think you guys are great Allies. Don't believe the hype. Canadians have a great nation and are great people. Sometimes the loud Americans get to talk for us all.

WarChild · 10-27-2004, 05:23 PM

Quote:

Originally posted by doober
the most retarded part is thinking that we will still be using our cars in 50 years.....as if we cant comeup with a better way to travel or an alternative fuel that isn't so polluting and as scarce as oil....

big business set themselves up real nice

The technology already exists to power most of our automobiles without using oil. That's not the real issue.

Aircraft Carriers, Jet Airplanes and Tanks won't be running on hybrid engines though. Millitary requires oil.

Sterile plastics and rubbers are another product that you can't make out of hydrogen.

Rochard · 10-27-2004, 05:28 PM

Oil production will peak sometime between 2005-2010. This is a fact. World consumption of oil continues to increase, while no new oil reserves are being found. So we'll continue to go through more oil than we produce - until we run out.

Once everyone figures this out oil prices will spike out of control until we hit the point where no one will be able to afford gasoline. What are you gonna do when gas hits $30 a gallon and now costs as much to fill your tank as your car payment is?

And the US will be firmly in Iraq and the Middle East. I'm voting for Kerry, but Bush might have done a very good thing by bringing us into Iraq.......

Rochard · 10-27-2004, 05:29 PM

Quote:

Originally posted by WarChild
What I don't understand is the attitude of some American's towards Canada. We might not be a super power millitary wise, but we are your biggest trading partner and a giant reserve of natural resources (of all types!).

We love Canada. We just refuse to admit it.

WarChild · 10-27-2004, 05:34 PM

Quote:

Originally posted by RocHard
And the US will be firmly in Iraq and the Middle East. I'm voting for Kerry, but Bush might have done a very good thing by bringing us into Iraq.......

Keep Iraq, Saudi Arabia and Kuwait under your thumb and loaded with your millitary add two parts of a heavily armed and pissed off Israel and you have a fairly strong strategy to assure Middle Eastern oil stays on the Petro Dollar Standard. When the wells begin to run dry the Euro won't stand a chance.

Chichio · 10-27-2004, 05:56 PM

Quote:

Originally posted by WarChild
Keep Iraq, Saudi Arabia and Kuwait under your thumb and loaded with your millitary add two parts of a heavily armed and pissed off Israel and you have a fairly strong strategy to assure Middle Eastern oil stays on the Petro Dollar Standard. When the wells begin to run dry the Euro won't stand a chance.

You just summarized what this is all about.

"Preemptive war" cept it was black gold and Israel on their minds not WMDs.

Lykos · 10-27-2004, 06:33 PM

Quote:

Originally posted by Warden
Well I doubt that will ever happen in our lifetimes, so I guess it won't matter.

I totally agree with u

Paul Waters · 10-27-2004, 07:52 PM

The largest reserves of oil are in the Caspian sea area...

.....and Russia controls access to them.

Dubya's puppets had the Taliban in Texas to disuss building a pipeline through Afghanistan.

But Bin Lauden fucked up the kissee-kissee relationship with the Taliban.

And the Ruskies bacame your *allies* to secure the north of Afghanistan and ensure that there would be no pipeline that was not under Moscow's control.

Russia 1 Dubya/Cheney 0

And I can't think of any encounter where Dubya has the '1"

Osama is out there......

cspdinc · 10-27-2004, 08:28 PM

I can remember once as a kid, Mr Kissenger was talking to my uncle in the den about this, and Kissenger said that the projected life span of the middle east oil fiields were 47 years.

I remember adding it up and the date for that was around 2020-2025 .

One way or another Bush and family will rule this world.... sometime, somehow.
and they'll still hate porn.

Webby · 10-27-2004, 08:48 PM

69pornlinks:

Quote:

oil start being traded via EUROS....hmmm i wonder

Damned dangerous scenario!

OPEC know this problem and one of the reasons oil is not traded in Euros.

But it is obviously tempting :-)

The problem is the ripple effect would mean the US shrinks to the same status as Brazil at the moment.

I doubt anyone wants to see that upheaval. It's not sane.

Tho.. if ever there was a good use of the word "Owned" - that's it!

10-27-2004, 04:48 PM	#1
69pornlinks Confirmed User Join Date: Mar 2003 Location: Heranus Posts: 5,560	What will happen to the USD when... oil start being traded via EUROS....hmmm i wonder __________________ It IS what it IS

10-27-2004, 04:50 PM	#2
WarChild Let slip the dogs of war. Industry Role: Join Date: Jan 2003 Location: Bermuda Posts: 17,263	What will happen to the Euro when most sources of oil in the middle east are exhausted and the majority of the world's reserves are located in the Western Hemisphere? Hmmmm. __________________ .

10-27-2004, 05:05 PM	#10
M_M Confirmed User Join Date: May 2004 Posts: 1,167	its gonna last 50+ more years so who cares __________________ ;-)!;-)!;-)!;-)!;-)!;-)!;-)!;-)!;-)!;-)!;-)

10-27-2004, 05:28 PM	#18
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 74,001	Oil production will peak sometime between 2005-2010. This is a fact. World consumption of oil continues to increase, while no new oil reserves are being found. So we'll continue to go through more oil than we produce - until we run out. Once everyone figures this out oil prices will spike out of control until we hit the point where no one will be able to afford gasoline. What are you gonna do when gas hits $30 a gallon and now costs as much to fill your tank as your car payment is? And the US will be firmly in Iraq and the Middle East. I'm voting for Kerry, but Bush might have done a very good thing by bringing us into Iraq....... __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

10-27-2004, 07:52 PM	#23
Paul Waters Confirmed User Join Date: Mar 2003 Location: Toronto, Ontario Posts: 4,402	The largest reserves of oil are in the Caspian sea area... .....and Russia controls access to them. Dubya's puppets had the Taliban in Texas to disuss building a pipeline through Afghanistan. But Bin Lauden fucked up the kissee-kissee relationship with the Taliban. And the Ruskies bacame your allies to secure the north of Afghanistan and ensure that there would be no pipeline that was not under Moscow's control. Russia 1 Dubya/Cheney 0 And I can't think of any encounter where Dubya has the '1" Osama is out there...... __________________ Paul

10-27-2004, 05:18 PM	#14
Rich So Fucking Banned Join Date: Jan 2003 Posts: 11,486	It's probably not going to happen, but if the USD lost it's oil standard the US economy would collapse. Any economist knows that.

10-27-2004, 05:18 PM	#15
doober Confirmed User Join Date: Jul 2003 Location: in yoOoo kitchen Posts: 6,984	the most retarded part is thinking that we will still be using our cars in 50 years.....as if we cant comeup with a better way to travel or an alternative fuel that isn't so polluting and as scarce as oil.... big business set themselves up real nice

10-27-2004, 08:28 PM	#24
cspdinc Confirmed User Industry Role: Join Date: Jan 2004 Location: USA land of the oppressed Posts: 724	I can remember once as a kid, Mr Kissenger was talking to my uncle in the den about this, and Kissenger said that the projected life span of the middle east oil fiields were 47 years. I remember adding it up and the date for that was around 2020-2025 . One way or another Bush and family will rule this world.... sometime, somehow. and they'll still hate porn.