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Saudi Arabia Threatens To Drop Dollar For Oil Trades

 
Anonymous Coward
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04/05/2019 09:40 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.

[link to finance.yahoo.com (secure)]


The US petro $ not looking so good.

Maybe the Fed should you stop quantitative easing. Just maybe.
 Quoting: Remedial_Rebel



Saudi Arabia how about we just level all of your palaces and take your fucking oil! There's not a single country that would give a fuck.
CK Dexter Haven

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04/05/2019 09:45 PM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
They want help in Yemen!
 Quoting: Truth Reaper


They're mad at the withdrawal of support for their war slaughter in Yemen.
Anonymous Coward
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04/05/2019 09:45 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.

[link to finance.yahoo.com (secure)]


The US petro $ not looking so good.

Maybe the Fed should you stop quantitative easing. Just maybe.
 Quoting: Remedial_Rebel


You people are naive. Please name all the countries who tried to sell oil in something other than dollars and then name which one of their leaders are still in power.....exactly
Anonymous Coward
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04/05/2019 09:54 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Yeah sure they will drop the dollar, us will release evidence showing they were actually behind 9/11 and were the main financier and recruiter for ISIS and we will bring regime change.
doglikeRoRuctions

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04/05/2019 10:13 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
yawn
doglikeRoRuctions
Anonymous Coward
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04/05/2019 10:16 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.

[link to finance.yahoo.com (secure)]


The US petro $ not looking so good.

Maybe the Fed should you stop quantitative easing. Just maybe.
 Quoting: Remedial_Rebel


The Fed stopped QE years ago maybe?


Basically they're threatening to stop using the dollar because we stopped going to war for them.

Get with the program bud.
Anonymous Coward
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04/05/2019 10:18 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Saddam did the same thing before the second Gulf War. The reality is, Saudi Arabia was the main nation behind 9/11 attacks, in conspiracy with other nations and powers.

All they would have to do is show the genuine evidence, then show some pictures of American's being mistreated in Saudi Arabia, then other foreigners being enslaved in Saudi Arabia, bam, instant public support to glass them.


Not only that, all their assets in America would be seized/frozen. That alone would bankrupt them.
Anonymous Coward
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04/05/2019 10:20 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Didn't Libya try the same thing?
The Gullible Skeptic

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04/05/2019 10:22 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
The US is the #1 oil producer in the world and SA's wells are drying up so MEH!

MEH-kitty
 Quoting: 15666.44


Do you have a source for that?

If SA drops the us dollar that would tremendously hurt us economy
"INTP" Resting State: "I/ENTJ" Working Mode

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Anonymous Coward
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04/05/2019 10:23 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
A member of the Saudi Royal family should have a drug overdose as a warning to the House of Saud. After all the blood America spilled for them,they are permanently America's bitch.

Infact, for even showing their teeth, they need to be swiftly punished to bring them in line. Maybe a rogue cruise missile or something when a Saudi minister is visiting some area where things might accidentally happen.

Saudi Arabia, is the only country in the Middle East, the US should be bombing.
Anonymous Coward
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04/05/2019 10:24 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
The US is the #1 oil producer in the world and SA's wells are drying up so MEH!

MEH-kitty
 Quoting: 15666.44


Do you have a source for that?

If SA drops the us dollar that would tremendously hurt us economy
 Quoting: The Gullible Skeptic


[link to en.wikipedia.org (secure)]

1) America

2) Russia

3) Saudi Arabia
DeplorableDoomsdayGuy​

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04/05/2019 10:26 PM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
The US is the #1 oil producer in the world and SA's wells are drying up so MEH!

MEH-kitty
 Quoting: 15666.44


Much of the dollar's value is based on being the world's #1 reserve currency. Even if oil trade with SA continues to drop, SA trade with other nations will continue. If SA followed through on their threat, other OPEC countries would follow SA's lead.
 Quoting: Remedial_Rebel


I'm sure they'll be quickly taking Yuan.
If the flag show's Canada then the admin needs to fix their GeoIP location service. I'm 100% American and posting from the USA.
Truth Reaper

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04/05/2019 10:31 PM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
They want help in Yemen!
 Quoting: Truth Reaper


They're mad at the withdrawal of support for their war slaughter in Yemen.
 Quoting: CK Dexter Haven


cheers
Anonymous Coward
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04/05/2019 11:09 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
The US is the #1 oil producer in the world and SA's wells are drying up so MEH!

MEH-kitty
 Quoting: 15666.44


Much of the dollar's value is based on being the world's #1 reserve currency. Even if oil trade with SA continues to drop, SA trade with other nations will continue. If SA followed through on their threat, other OPEC countries would follow SA's lead.
 Quoting: Remedial_Rebel


No they wont, we will invade before we lose power. You really have no clue.

USA will NEVER relinquish power. We have military bases all over the world for a reason, and its not to play baseball.
 Quoting: Anonymous Coward 64985415


Like they invaded in the 1973 (so called) Oil Crisis? Try reading a little history.
 Quoting: Remedial_Rebel


I suggest you try reading a little history of US invasions and overthrows since 1990.
Anonymous Coward
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04/05/2019 11:11 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Saddam did the same thing before the second Gulf War. The reality is, Saudi Arabia was the main nation behind 9/11 attacks, in conspiracy with other nations and powers.

All they would have to do is show the genuine evidence, then show some pictures of American's being mistreated in Saudi Arabia, then other foreigners being enslaved in Saudi Arabia, bam, instant public support to glass them.


Not only that, all their assets in America would be seized/frozen. That alone would bankrupt them.
 Quoting: Anonymous Coward 77525481


The OP doesnt think its possible because he’s a retard.
Festus Hoggbottom

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04/05/2019 11:15 PM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.
I did it. I did it on purpose. And I'll do it again.
Anonymous Coward
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04/05/2019 11:33 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.

[link to finance.yahoo.com (secure)]


The US petro $ not looking so good.

Maybe the Fed should you stop quantitative easing. Just maybe.
 Quoting: Remedial_Rebel


Time for Gulf War 3.
Jungleboogie

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04/05/2019 11:43 PM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Fuck Saudi Arabia and MBS.
Embrace the cognitive dissonance.
Anonymous Coward
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04/05/2019 11:44 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
This is how SA gets the US to do its bidding.

Now of course there are limits to their power over the US. You'll know those limits have been breached when you start seeing a lot of negative press about SA. Then you'll know that the US has decided to make another failed state.

So SA will use their power without overplaying their hand. The petrodollar will remain their trade currency and the US will be Saudi's pit bull.
Anonymous Coward
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04/05/2019 11:52 PM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
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.
 Quoting: Festus Hoggbottom


The US doesn't want dollars flowing in. That doesn't make a reserve currency work well. The US wants a lot more dollars going out than coming in.

And much of US oil is consumed domestically.
1guynAz

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04/06/2019 12:06 AM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
We need a 'gold backed' dollar like we used to have.

We need to get these idiots out of government that are hurting our country period.

This is got to be done in order to compete and stop this FED take over and ruination of our country.



Well, this is what I think anyways...


______

Last Edited by 1guynAz on 04/06/2019 12:07 AM
Everyone wants war but the people that fight them.
Anonymous Coward
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04/06/2019 12:50 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Yahoo is the epitome of fake news.
Kung Fu Lover

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04/06/2019 12:53 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
They want help in Yemen!
 Quoting: Truth Reaper


They're mad at the withdrawal of support for their war slaughter in Yemen.
 Quoting: CK Dexter Haven


time to drop the Saudis and team-up with Iran.
Coward of Anonymous

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04/06/2019 01:03 AM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
ok, so I'm surprised I haven't seen anybody discuss this yet, so I'll throw it out there.

I don't know the figures, but i do know that a ridiculous amount of "money" is tied up in the oil trade, because that is the currency in which oil is traded in. If they switch, it would send likely billions (maybe trillions...not sure) of fiat paper money back into circulation.

Well, what happens to the demand of something when a supply instantly surges? It tanks, right?

If this is true, the value of our currency around the world will sink. As a result, our stock market will plummet.

Well...who owns the stocks in the stock market? Is it the average joe? Or is it a very select few at the top of the food chain. They are the ones that will torpedo it when they feel they need to, buy pulling their money out at the same time.

Well, if the see this, what are they likely to do? The will likely all take their funds out, which should cause the market to plunge further.

At that point in time, the feds can pounce and seize assets for Crimes Against Humanity ( [link to www.whitehouse.gov (secure)]

What happens to all of that money? It is destroyed, and a new, gold backed dollar is inserted in it's place. I think there will be an exchange process where all "old" dollars will be exchanged for new, but since they now have a tangible value backing it, the value of the new dollar will soar.

And with that, the inventory of fiat currency will be destroyed, and the gold standard will be re-inserted.
Anonymous Coward
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04/06/2019 01:08 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
This is like the 90 millionth time they made this threat.
 Quoting: BBQ BOY™


This could be an idle threat, but with exports to the US declining, it may not.

The dollar is step by step losing it's place as the world's reserve currency.

Again, it's value is highly leveraged against that.
 Quoting: Remedial_Rebel


hesright

Things aren’t looking so great.

We’ll see if Mr. “Art of the Deal” President Trump (whom I support) can get ‘er done.
Anonymous Coward
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04/06/2019 01:11 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
The bankers tend to plunge us into big war when truly hard times come knocking.
Sodbuster

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04/06/2019 01:19 AM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
That's fine by me, don't count on the US to save your ass when Iran invades. We can always keep our oil here.
Coal burning stove no natural gas, if that ain't country, I'll kiss your ass
- David Allen Coe
Kungfart1

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04/06/2019 01:23 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
Great news! Drop Saudi for oil.
Kungfart1
MissCleo

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04/06/2019 01:55 AM

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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
A member of the Saudi Royal family should have a drug overdose as a warning to the House of Saud. After all the blood America spilled for them,they are permanently America's bitch.

Infact, for even showing their teeth, they need to be swiftly punished to bring them in line. Maybe a rogue cruise missile or something when a Saudi minister is visiting some area where things might accidentally happen.

Saudi Arabia, is the only country in the Middle East, the US should be bombing.
 Quoting: Anonymous Coward 77525481


Not that easy just to bomb or assassinate.

But the international scandal brewing over exposed emails on Hil's computer (Assange) might back them against a wall.
Anonymous Coward
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04/06/2019 02:08 AM
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Re: Saudi Arabia Threatens To Drop Dollar For Oil Trades
MBS = Mr.Bone Saw