I'm not concerned about the falling dollar. I'm interested in the actual
agreement(s) that govern how oil is purchased from any given nation. If oil is
priced in Dollars but can be purchased in any currency then there is no
difference if its priced in euros. However, if nations "must" pay in US
dollars then the dollar will be more powerful because it must be used. I'm
having a hard time finding the exact phrasing or policies in place. Rather, I
find only vague references made about agreements with no information backing
the facts. I'm not calling into question the validity so much as I'm trying to
figure out what the reality is (a futile task, I know).
So, Jason& Katie, let me rephrase it for you... if, when the economy collapses
and we are forced to barter with elemental metals and agreements are struck
that you can trade for goods only with copper, the aluminum would HAVE to be
exchanged for copper. However, if the goods are only priced in copper then an
exchange rate can be applied (say, 2 aluminum to 1 copper). Thus, once your
copper is depleted you don't have to worry about buying copper just to trade as
any metal currency will work. This makes a huge difference in the oil market
because nations either must have dollars to buy oil or not.
However, in your case I would posit that you would be the one from whom we
would have to purchase copper and thereby you would have the copper hegemony...
you bastard ;)
-dave
On Friday, February 02, 2007 10:07 PM, Jason& Katie wrote:
Date: Fri, 2 Feb 2007 22:07:27 -0600
From: Jason& Katie
To:
Subject: Re: [Biofuel] Some archive searching
i am not entirely worried about how far the dollar falls here- in fact im
waiting for it. i can easily go back to the boonies and get by on "Ye Auld
Garten" and a blackpowder rifle. plus the fact that i have been collecting all
the scrap copper and aluminum i can get my grimy little paws on. between the
materials value and the fact that i will have a halfway decent supply of clean
food, i figure i can get by just fine.
----- Original Message -----
From: Ken Provost
To: biofuel@sustainablelists.org
Sent: Friday, February 02, 2007 6:09 PM
Subject: Re: [Biofuel] Some archive searching
On Feb 2, 2007, at 9:33 AM, DHAJOGLO wrote:
Finally, can anyone point me to a primary source (not a vague reference
in a news article) of this agreement that initiated oil trade/prices into
us dollars?
This has been interesting to me lately as well. I'm afraid I can't
inform you much, but a lot of it started with the Bretton Woods
agreement (700,000 Google hits). Not specifically about oil,
but rather international trade in general, and it basically
forced everything into dollars de facto.
The best thing for the world (tho not US, of course), IMHO, would
be a precipitous fall of the dollar, so I'm all in favor of any Euro-
based exchanges.
-K
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2:28 PM
On Friday, February 02, 2007 10:07 PM, Jason& Katie wrote:
>
>Date: Fri, 2 Feb 2007 22:07:27 -0600
>From: Jason& Katie
>To: <biofuel@sustainablelists.org>
>Subject: Re: [Biofuel] Some archive searching
>
>i am not entirely worried about how far the dollar falls here- in fact im
>waiting for it. i can easily go back to the boonies and get by on "Ye Auld
>Garten" and a blackpowder rifle. plus the fact that i have been collecting all
>the scrap copper and aluminum i can get my grimy little paws on. between the
>materials value and the fact that i will have a halfway decent supply of clean
>food, i figure i can get by just fine.
> ----- Original Message -----
> From: Ken Provost
> To: biofuel@sustainablelists.org
> Sent: Friday, February 02, 2007 6:09 PM
> Subject: Re: [Biofuel] Some archive searching
>
>
>
>
> On Feb 2, 2007, at 9:33 AM, DHAJOGLO wrote:
>
>
>
>
>
>
> Finally, can anyone point me to a primary source (not a vague reference
>
> in a news article) of this agreement that initiated oil trade/prices into
> us dollars?
>
>
>
>
> This has been interesting to me lately as well. I'm afraid I can't
> inform you much, but a lot of it started with the Bretton Woods
> agreement (700,000 Google hits). Not specifically about oil,
> but rather international trade in general, and it basically
> forced everything into dollars de facto.
>
>
> The best thing for the world (tho not US, of course), IMHO, would
> be a precipitous fall of the dollar, so I'm all in favor of any Euro-
> based exchanges.
>
>
> -K
>
>
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>
>
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> Biofuel mailing list
> Biofuel@sustainablelists.org
> http://sustainablelists.org/mailman/listinfo/biofuel_sustainablelists.org
>
> Biofuel at Journey to Forever:
> http://journeytoforever.org/biofuel.html
>
> Search the combined Biofuel and Biofuels-biz list archives (50,000 messages):
> http://www.mail-archive.com/biofuel@sustainablelists.org/
>
>
>
>
>------------------------------------------------------------------------------
>
>
> No virus found in this incoming message.
> Checked by AVG Free Edition.
> Version: 7.5.431 / Virus Database: 268.17.19/663 - Release Date: 2/1/2007
> 2:28 PM
>
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