The Euro to be new pricing standard instead of U.S. Dollar...
 

Thank you Bush for making the U.S. second to the Euro

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Thursday, Oct. 9, 2003. Page 5

German Sources Say Russia Might Price Its Oil in Euros

Combined Reports YEKATERINBURG, Ural Mountains -- Russia is increasingly looking at pricing oil sales in euros instead of dollars, reflecting the euro's growing role as a reserve currency, German government sources said Wednesday.

"The question is taking on increasing significance," a person travelling with German Chancellor Gerhard SchrÚder on an official visit to Russia said.

A switch into euros by Russia, the second-biggest oil exporter behind Saudi Arabia and holder of the world's largest natural gas reserves, would represent a major shift in the balance of currencies behind the world's most traded commodity.

European leaders have long expressed interest in seeing energy contracts priced in euros rather than dollars to promote the currency and boost price stability in the European Union.

Most energy contracts are settled in dollars, meaning that for European buyers, trade in gas and oil is subject not only to fluctuations in their market prices but also to variations in the value of the U.S. currency. In 1999, just after Vladimir Putin became prime minister, he laid out a proposal to move Russia's trade out of dollars and into euros.

FULL STORY

this has nothing to do with Bush you idiot

This serves to help Russia and and will most likely build better ralations between Russian and their EU neighbors.

Woopty dooo
It took 10+ countries to match the economic prous of the USD.....

what a blow. :1orglaugh

I agree, some people just want to blame their lot in life on someone else.

history is quietly repeating.

that why US attacked Irak and try to fuck the europe union

:(

Survival of the fittest

Read a little more and ya guys will understand that Euro conversion is what the Iraq war is all about.

Saddam was fixing to clear Iraq of the sanctions and clear the UN Resolutions. In the process of which he was intending to convert all transactions to Euro's. When Saddam set his oil to the Euro is when Bush said "Fuck you Saddam!".

Afghanistan is supposed to be the oil pipeline to Europe that why afghanistan needed to get taken out also. Thus Oil from Iraq to Europe is supposed to be American bank rolled but I do not think it is going to work out that way.

This plan was prolly thought up by Bush, Dick and Ronald in a late night drinking session.

Thats what Iraq is all about. THe weakening American dollar needed a boost over the Euro and the transition of Iraqi economy to the Euro banking system was/is going to murder the US dollar.

US government is afraid that once Iraq becomes soverign again it will convert to Euro. Either way Bush is going to loose Iraq the reasoning behind Iraq war is sickenning...

That sounds very plausable... good post

This thread is funnier than the Onion.

I edited it some:/

uh the US government has plenty to do with this. To try and get the economy going again the Federal Reserve has been expanding the money supply like it's nobodies business. The most basic economics tells you that increasing supply decreases price.. The administration have done everything but say 'we support a weak dollar' i.e. said they're unconcerned about the fall etc.. Of course a weak currency has advantages, it gives exporters a competitive advantage and the lower borrowing rates for locals hopefully spurs investment..

There is however a cost! This fucks in the ass foreign holders of the currency.. For trade of something like oil a currency has to STORE value, the USD has been in downward spiral this year, and anyone who makes USD and converts them into a local currency has been severely affected..

Of course Russia don't want to have to depend on the USD and the euro maybe convenient.. But to suggest this has *nothing* to do with the US administration is equally idiotic :)

What map are you looking at? The shortest route to Europe certainly isn't through Afghanstan. As a matter of fact you are even going in the direction.

some sheeps here think that EU didnt want US to invade Iraq, just cuz they were being assholes..
hahaha...

its US vs EU, not US vs Muslims.. wake up

Afghanistan has been used by the US to block Russia from having access to the warm seas.
Sea transportation was way too valuable for them and US knew that very well. Its pretty much the cheapest form of transportation.

When will the US adopt the euro? :winkwink:

Really??? Not a good idea to have an oil pipeline through Afghanistan? AHhahahah!

"IN 1998 AMERICA WANTED NEW GOVERNMENT IN AFGHANISTAN TO ALLOW CONSTRUCTION OF OIL PIPELINE

America has wanted a new government in Afghanistan since at least 1998, three years before the attacks on 11 September 2001. The official report from a meeting of the U.S. Government's foreign policy committee on 12 February 1998, available on the U.S. Government website, confirms that the need for a West-friendly government was recognised long before the War on Terror that followed September 11th:

"The U.S. Government's position is that we support multiple pipelines...
The Unocal pipeline is among those pipelines that would receive our
support under that policy. I would caution that while we do support the
project, the U.S. Government has not at this point recognized any
governing regime of the transit country, one of the transit countries,
Afghanistan, through which that pipeline would be routed. But we do
support the project."


Referenced from:

Oil Pipe through Afghanistan

Read and weep.

One special thing to. The Taliban were offered a ton of cash for thier cooperation in the pipeline. Taliban were in the US and making deals with Oil companies. If any deals were made they were officially denied. Conspiracy theory is that the Taliban are in on the deal. Who knows though.

As soon as we adopt the metric system :321GFY

:sleep

As being born in Austria, Arnold will implement that very soon to "the people of Califo-nia" :)

No way. give us an inch and we'll take 2.24 cm :glugglug

good post..:thumbsup

:Graucho

The metric system is a lot easier to work with, however its better to quote knob size in inches.

"I have a 9" penis sound better then 20 cm"

Anyway good thread :thumbsup

This post is exactly spot-on. Finally, someone with a little brains around here.

There are so many potential pitfalls ahead of this country, and Bush/Cheney are doing their best to drive us drive into them.

If/when the foreigners stop buying our T-bills and financing our spending spree [trade decifit], we're going to be a third-rate banana republic because we shifted all of our manufacturing to other countries (Asia, Mexico, etc).

Does anyone realize that our DEBT is almost $7 TRILLION (with a T) dollars, and over half that is owed to other countries? And we have a $22 TRILLION dollar obligation to Social Security? Where do you think all the money being paid into SS is going? To help "balance" the budget. If they didn't include the SS money in the general fund, we'd have an $900+ billion dollar deficit this year instead of a $600 billion dollar one. And the SS fund? It's a bunch of IOUs - worthless scraps of paper. How sad.