RE: RE: RE: RE: RE: RE: RE: RE: Cost Control NO, I say the u.s.d. will continue to drop and soon the required number of dollars to purchase a bbl of crude will begin to increase. The u.s. does not set the price for crudes, Demand sets the price along with speculators with influence of Saudi Arabia and OPEC. Saudi Arabia got fellow oil producers and then the world to buy oil in u.s.dollars a.k.a. The Petro-Dollar.
Unfortunately BRICS, and others are now making side agreements to trade their own currencies between themselves . India is accepting gold for Iranian crude, Venezuela is trading with Cuba and Iran which gets oil products into Cuba.
Soon it will take more and more usds to get oil producers to accept usds as payment.
I 'm amazed European Investors still are drawn to the unsubstantiated safety of the usd.
Gb