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Originally Posted by fordAU
Seriously my fellow Ford lover, get with the plan, the Saudi's announced 2 weeks ago that they are going to increase supply, 4 days ago crude settled at $138.74 it was the largest single-day slide in dollar terms since Jan. 17, 1991.
Will it continue to drop, who knows, it depends on OPEC.
You will be pleased to know that just before I hit the hay I checked the price of Tin Foil, its on the way up  |
Saudi are not OPEC. They have a deal with the US, remember. While Iran supplies the rest of the world with oil, they prefer to deal in Euros.
Btw, you haven't translated the article I asked you to decipher for me.
I'm with the plan, I just don't believe I can convince you (you're a grown up, you can make up your own mind) and the blind and dumb.
EDIT: If I'm so wrong, I'd like you to please explain why the US (after invading Iraq) went to the trouble of reverting to selling oil in USD after Saddam chose to make a fortune selling it in Euro?