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Old 10-02-2017, 10:00   #31
Charlie Kelly
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Originally Posted by Malcolm Tucker View Post
You're assuming OPEC is just middle east countries. It isn't. In any case, how much oil does the US import from Iran? Piss all.

I don't like agreeing with Visage very often, but he is right when he sees people naively conclude the US is going to invade Iran just because it has oil and it's no longer selling it in dollars. The US isn't buying oil from the middle east in the quantities it once was, its on its way to being energy independent and the US' well documented foreign policy "pivot" from the Middle East to Asia reflects that.

If they do kick off with Iran, it's going to be over this hard-on for a war on Islam that Brannon has, not because they want to secure their oil fields, replace their government and get them selling it in dollars again.

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Ah. Yes, you're right I was making that assumption and it's wrong.

Good points and I do agree that what you say is possible. But.. imagine allthe OPEC countries switched, that would hurt the US financially.
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Old 10-02-2017, 22:43   #32
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America recently become a net exporter of gas and less than a fifth of its imported oil still comes from the middle east, the lion share of which is from Saudi Arabia.
Quite possibly true but absolutely irrelevant to the argument about the petrodollar.
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Old 10-02-2017, 23:04   #33
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Well go on then. Visage has demonstrated that if Iran switched to Euros for instance, the financial impact on the dollar and the link to living standards in the states would be vanishingly small, there's more volatility on a daily basis. Is that relevant to your theory that Iran is about to be invaded/toppled to keep it selling oil in USD?
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Old 11-02-2017, 00:07   #34
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Originally Posted by Malcolm Tucker View Post
Well go on then. Visage has demonstrated that if Iran switched to Euros for instance, the financial impact on the dollar and the link to living standards in the states would be vanishingly small, there's more volatility on a daily basis. Is that relevant to your theory that Iran is about to be invaded/toppled to keep it selling oil in USD?
Stop focusing on Iran lol it's one country, what has been put forward is that the US doesn't want oil producing countries switching away from the Dollar. I provided a link somewhere above, oil trade in Dollars exceeded 500 billion for OPEC countries alone (I think). So what happens if all of OPEC looks at Iran switching and they say well lads, America didn't do shit, lets get on the gravy train? The American Dollar is fucked.

It's not conspiracy nuts saying this shit either, lots of financials of published articles on the decline of the petrodollar and the impact it's having on geopolitics.

And yes I will concede that gross American purchase of oil from Iran may not be significant, what is significant is that all oil sold by Iran is currently done so in Dollars, that is changing later in the year. America will in all probability be motivated to do something about it.
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Old 11-02-2017, 00:17   #35
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I really need a piss and all the station loos are shut. Will the train have one or am I fucked?
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Old 11-02-2017, 00:17   #36
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farts smell like sweetcorn when in the bath though
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Old 11-02-2017, 00:24   #37
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Mine don't
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Threads are being trashed and derailed with petty squabbles and insults. Nobody minds a bit of banter but it soon descends into insults and the thread is ruined.

Neither myself or iam want to spend hours cleaning threads up and dealing with RTM's so do us a favour and reign it in a bit please.

This is now serious business.
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Old 11-02-2017, 02:00   #38
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farts smell like sweetcorn when in the bath though
Er... That's a sign of bowel cancer :/

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Old 12-02-2017, 23:37   #39
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Old 13-02-2017, 00:09   #40
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