Posted by Centex Farmall on June 11, 2014 at 20:51:27 from (72.105.161.165):
In Reply to: Petroleum question posted by wile E on June 11, 2014 at 12:41:01:
The bigger problem is the "petro-dollar". Basically how Nixon rigged things with the Saudis so OPEC would trade oil in dollars. The Chinese are actively trying to undo this. If they move away from oil in dollars then foreign countries will have a lot less need for our currency.
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