Quote:
Originally posted by gaijindabe
Look up what percentage of world trade is for oil. Or all energy for that matter. What rubbish.
Look at some of the top oil producers. Nigeria, Venezuela, Mexico, Russia and Iran. Poor, poor, poor, getting poor and poor. Oil aint all its cracked up to be.. (no pun there, btw.)
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Your statement would carry a lot of weight were oil being purchased, and then nothing done with it. That's not the case. Oil affects most of the other items that are traded today.
More importantly, if a large amount of oil is traded in euros, and the US government continues to alienate more oil producing countries, Venezuela for example, and they switch to euro's for their oil it will have an effect in America.