Posted: 5/30/2005 1:38:19 PM EDT
|
After the French vote.
|
| Funny from what I understand the Arabs have switched over to the Euro as the currency to price their oil. Those folks are going to miss out on alot because of the falling Euro. They actully believe the BS put out by the liberals & socialists from the USA and Europe, that the USA is evil and no good, those oil folks are about to take a hit in the bankbook. |
Good. Should bring gas prices down. A big part of the high price of oil is the exchange rate premium for doing business in the USD. |
No, not true oil is still priced in dollars. |
Oh, my bad, I thought I was a piece somewhere where the Arabs were pricing their oil in Euros. Sorry. |
Nope. They might be leftist/evil bastards, but they're not stupid. They'll keep sucking the American teat for everything they can get while they dig the knife in the back. |