Comments on: Iraq: Is It About Oil or International Oil Trade?

By: Muse

Muse — Wed, 12 Aug 2009 23:52:06 +0000

Although the international oil market is important in the dollar’s value on the international exchange, other factors as well are effecting the decline in the dollars use in international exchanges.
A major problem is the trade deficit the U.S. has with its trading partners. As U.S. companies sell less abroad, fewer dollars are purchased on the currency market to pay for U.S. made products.
Another big concern among international traders is the U.S. government’s spending deficits. The U.S. is accumulating much more debt than it can pay off. This makes other countries question the long term value of the dollars they hold.
Since oil is the largest commodity traded on the international market, the currency used in its trade is important. But, the USA must look at other methods than its military to support the value of its dollar.

By: George III

George III — Wed, 12 Aug 2009 04:00:36 +0000

it doesn’t matter whatever currency you might want to trade with, euro, yen, or US dollar, the issue is about oil…your observation is impressive but it’s more of an ungrounded theory of the fall of dollar…dollar has been use and being use so far by most traders around the world simply because they don’t want to risk any transaction that utilises any other currency, they deemed the US dollar to be reliable because of the performance of the economy, the political will and power of the country. so they believe that to use the american currency is secure, this also prompted ecuador to adopt the US dollar as their official currency . unfortunately, at present time the US dollar is not doing well as we expect that from the normal cycle of recession.

By: Machiavelli

Machiavelli — Sun, 09 Aug 2009 10:07:57 +0000

No, I don’t think the Russians want to see America fall. Did you know that in Russia electricity is free ?! and the Russians turn off the light when they left the apartment . They have huge amount of natural resources but is too bad they don’t have the right leaders.
You guys r the one who should look at your on problems and not care so much about others. You spend a lot of money on others things that for your own people.
URSS do not exist anymore. There is only Russia. The other country’s who formed URSS have they own presidents and government .
The problem , i think , is you ,as a nation, consume more than you can produce and the natural resourecs are less and less to support your life style. You don’t have to look every time in history to see or make the future.

By: Dolen Drambor

Dolen Drambor — Sun, 09 Aug 2009 07:21:59 +0000

U.S. involvement in the Middle East has been about the control of the petroleum market since the 1930′s. The Euro issue is just a minor, although not insignificant, factor.

By: stev

stev — Sat, 08 Aug 2009 07:37:48 +0000

Euros started in 2002. How do you explain it now????
Back to the conspiracy board, hippie.

By: Tom

Tom — Fri, 07 Aug 2009 06:30:03 +0000

Most of old Europe considers itself to be “cultured, civilized, and elite”. They have always considered the United States to be a less civilized, less dignified country. That is all you need to know about Europe.

By: neznicr456

neznicr456 — Thu, 06 Aug 2009 10:02:59 +0000

Iraq is more about Israel then anything else

By: Answerman

Answerman — Mon, 03 Aug 2009 08:51:11 +0000

I think it is about the oil trade, if you disrupt the flow of oil in the mid east the cost of oil will rise, this from a secret meeting that Bush had with the CEO’s of the big oil company’s to set energy policy. This plan was aided by the terrorist activity of 9/11. While Saddam had nothing to do with it Bush blamed him in order to attack Iraq. I would call for an investigation into the money trail to find it coming back to some of the highest offices in the land.

By: cynthiatweedle

cynthiatweedle — Sun, 02 Aug 2009 13:26:26 +0000

I agree. But I also believe it’s about terrorism.

By: Son of George Bush

Son of George Bush — Fri, 31 Jul 2009 18:56:38 +0000

Economics always involved- isn’t it so in your life? Russians- they cannot be trusted-