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01:37 PM
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Saudi Arabia Threatens To Drop Dollar For Oil Trades
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[quote:Festus Hoggbottom:MV80MDEzMDYxXzcyNjU3MjgwXzlDQjI0RTVD] Our oil is tied to the dollar and we have more now. Let them use pesos or rupies and see how that works out for them. Yuan maybe? Dollar is king. They know that. [/quote]
Original Message
Saudi Arabia has threatened the United States to stop using dollars for its oil trades in an attempt to discourage legislators from passing a bill dubbed NOPEC aimed at holding OPEC liable for cartel practices under U.S. law.
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link to finance.yahoo.com (secure)
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The US petro $ not looking so good.
Maybe the Fed should you stop quantitative easing. Just maybe.
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