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Old 09-02-2017, 02:09   #21
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I replied to you but was logged out.

Anyway, yeah from what I gather the theory is that if one stops trading in dollars then the rest might follow. So, what would happen if everyone in the middle east ditched the dollar? TBH I'm not smart enough to do the math.

I found this annual report for OPEC, on page 14 it gives a table of total value of petroleum exports for 2015 @ 518 billion, that seems significant to me but I could easily be misunderstanding how much that is? What do you think?

http://www.opec.org/opec_web/static_.../AR%202015.pdf
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Old 09-02-2017, 22:37   #22
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Iran's total oil and gas reserves are 37 trillion dollars... absolutely NOT insignificant.
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Old 09-02-2017, 23:56   #23
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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.

Your argument is about 10 years out of date.
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Old 10-02-2017, 00:00   #24
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Old 10-02-2017, 00:15   #25
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Quote:
Originally Posted by Malcolm Tucker View Post
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.

Your argument is about 10 years out of date.
I think you're wrong, just under a 3rd comes from OPEC alone, just under 50% if you include "Persian Gulf countries".

http://www.eia.gov/tools/faqs/faq.cfm?id=727&t=6

IMO the petrodollar conspiracy holds up for now, if Iran switches who's to stop the rest but the US? Either America will step in and put them down and restore the status quo or we'll see the trend continue and American dominance decline.

Thoughts?
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Old 10-02-2017, 00:29   #26
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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.

IN MY HONEST BUT CORRECT OPINION
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Old 10-02-2017, 00:40   #27
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Quote:
Originally Posted by Malcolm Tucker View Post
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
...of Israel?

Are you prepared to consider that I could be right?
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Old 10-02-2017, 00:45   #28
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Their nuclear programme and their Islamic fundamentalism isn't the same reason as 'they've stopped selling oil in dollars'

Course you could be right, so could I, I'm just siding with Visage -- ugh -- that I don't think this stuff is as simple as Iran having oil and the decision from them to not sell it in USD will result in their invasion.
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Old 10-02-2017, 00:50   #29
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post a middet east meme
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Old 10-02-2017, 01:03   #30
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Quote:
Originally Posted by Malcolm Tucker View Post
Their nuclear programme and their Islamic fundamentalism isn't the same reason as 'they've stopped selling oil in dollars'

Course you could be right, so could I, I'm just siding with Visage -- ugh -- that I don't think this stuff is as simple as Iran having oil and the decision from them to not sell it in USD will result in their invasion.
I agree. I think you need to keep your thinking cap on with all this stuff. Our rulers use sleight of hand and misdirection to get us to believe what they want us to, or, simply to have us unsure, which is probably just as good.

So it might for example, serve them well if they pretend it's about Islam or nukes, but they know we will THINK it's about oil, or the dollar, or because Trump is a nutter, or whatever. When the truth may be Israel, or may be something else we haven't thought of, but which is not on our radar.
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