What would happen to the US economy if the price of oil was linked to the EURO instead of the dollar?
(I asked this on the US site and some brainiac said "Bush would move to the UK". Uh-huh, since when did the UK start using euros LMAO)
LOL Thanks Blurp
Blurp: DIDN’T ask on the US site. Anything asked on the UK site comes out on the US site. Brainiac.
Extra tags:
- what happen in 2000 in usa,what happens if oil is not traded in dollars,What happens if we could not get oil in the US?,what would happen if oil was traded in euros,what happens if oil is no longer traded in dollars,what would happen if oil was priced in Euros,what will happen if oil is no longer traded in us dollars,what would happen if oil is sold on euro,what would happen if oil isn\t traded in dollars,what if oil was traded in euros,what if oil was sold in euros,what would happen if oil was changed to euro,what if oil was sold in euro,what would happen if oil was no longer priced in dollars,what would happen if oil was no longer traded in the USD?,what would happen if oil was not valued in dollars,what would happen if oil is no longer traded in us dollars,what if the usa had to pay for oil in euros,what will happen if oil was traded in euro,what will happen in an economy if the price oil price
Related posts:
- What would happen to Americas economy if China chose the Euro over the US dollar? What would happen to Americas economy if the Chinese government and people abandoned their faith and confidence in the American Dollar and chose the Euro...
- What would happen if the Chinese chose the Euro over the American dollar? What would happen to Americas economy if the Chinese government and people abandoned their faith and confidence in the American Dollar and chose the Euro...
- OPEC has stated they may take action against the dollar and convert to the euro.Catastrophic for the economy? If they choose to dump the dollar.. which seems likely, will prices of gas increase to above / a gallon. How will the economy fair?...
- Live Rupee Price (as traded Vs. Dollar and Euro), which site provides it? Forex rate has great impact on prices at which Commodities are traded. What is the relation between change in USD/INR and change in Euro/INR to...
- If the US retail business industry accepted Euro dollars, would that help boost the economy? As we see that the weak dollar is falling in the slumping US economy, and Euro dollars are rising. If US businesses accepted the strong...
Tagged with: Blurp • brainiac • Bush • lol thanks • quot • site • UK • US
Filed under: Currencies
Well, you asked it on the US site again, brainiac…
Crash hopefully
The Iraq war started because Sadam wanted to trade oil in Euros instead of Dollars and many people in the UK have investments in the USA.
It would be more stable.
It would go under in a couple of months. Prior to the invasion of Iraq, Saddam was making noises about changing over to the Euro, and look what happened to him.
I’m not sure it would have an enormous impact, other than to stabalise the price of oil. I have asked Qs before, asking why doesn’t OPEC trade oil in euros. It would be better off.
Great question! Try asking that one on the cable news networks! I am very curious what they would have to say! I think it would cause the oil tycoons to loose there $123 BILLION DOLLAR PROFITS. And yet the oil tycoons are upset they have to pay $18 billion in taxes! And have been asking for a tax break! GIVE US A BREAK!
It’s the only thing that keeps the US economy going. If OPEC went for Euros instead the US would become a banana republic. Interestingly China is exchanging a lot of its US$ reserves into Euros.
the dollar or whats left of it would become as valuable as the Russian rouble. At present the euros worth more against the dollar than the pound. Personally the euro can stay as it is I like the pound. But the good news is that finally we could get some cheap holidays out there and we could buy more of their goods and service at a reduced price. Also they would stop whinging about fuel costing a few dollars a gallon and start whinging when it joins the euro tax inflated rates and costs them $10 a gallon. of course they would have to raise taxes to compensate or decrease their population by waging another war or invading another country.
Edit no this is the NI and Uk site, This is not the pure american only site. Is not yank can’t you see those flags at the bottom? also I’ve noticed you can ask for just USA Q’A's I know as I used it on sunday from NY.
If you really want to know watch this video ‘The Energy Crisis’ some way in to it he explains why it is crucial to Americas economy that oil is traded in dollars.
http://video.google.com/videoplay?docid=3340274697167011147&q=energy+non+crisis&total=67&start=0&num=10&so=0&type=search&plindex=0
the price of oil will stabilize.
Hello There. I found your weblog using msn. That is a very neatly written article. I?ll make sure to bookmark it and come back to learn more of your useful info. Thank you for the post. I will definitely comeback.