First:

I am deeply pleased that this board was set up. Based on what I have read so far, it will only be a short time before the total migration begins.

------------------------------------

The question of Oil and Gas prices:

Lately I have been reading others forums where the reason for our current high prices in Gas can be attributed to the fight over the supremacy of the US vs the Euro currency. I will be the first to state this is a heady subject. My reason for bring this question to the forum is that with the shake-up of forum locations-- in my opinion, the true thinkers are finding there way back here. The price of gas effects ever American in countless ways. What I am looking for is expanded input, so I can better understand what is really going on.

Could it be, that in fact, what we are now seeing at the pumps is the result of Accords between the United States and the Oil producing countries entered into years ago because the Oil producers looked into the future and saw the potential of the American Dollars loosing it value due to over printing, and out of control balance of payments? Whereby opening the door for a new currency like the Euro to replace the dollar as the world reserve currency? And further, the sole reason we are now seeing a higher price in gas is a result of excess dollars floating all over the world? Whereby, the Oil producing countries are realizing a net decreased return on the sale of their product? Then the question of the Euro, and its new place in the world and the effect that it will bring on each one of us if it replaces the US Dollar as the world reserve currency?

Comments?

Primus2000

The question of Oil vs the US Dollar and Euro Dollar

First: I am deeply pleased that this board was set up. Based on what I have read so far, it will only be a short time before the migration begins.

The question of Oil and Gas prices:

Lately I have been reading others forums where the reason for our current high prices in Gas can be attributed to the fight over the supremacy of the US vs the Euro currency. I will be the first to state this is a heady subject. My reason for bring this question to the forum is that with the shake-up of forum locations-- in my opinion, the true thinkers are finding there way back here. The price of gas effects ever American in countless ways. What I am looking for is expanded input, so I can better understand what is really going on.

Could it be, that in fact, what we are now seeing at the pumps is the result of Accords between the United States and the Oil producing countries entered into years ago because the Oil producers looked into the future and saw the potential of the American Dollars loosing it value due to over printing, and out of control balance of payments? Whereby opening the door for a new currency like the Euro to replace the dollar as the world reserve currency? And further, the sole reason we are now seeing a higher price in gas is a result of excess dollars floating all over the world? Whereby, the Oil producing countries are realizing a net decreased return on the sale of their product? Then the question of the Euro, and its new place in the world and the effect that it will bring on each one of us if it replaces the US Dollar as the world reserve currency?

Comments?

Primus2000

-- Prinus2000 (Primus2000@learning.com), March 04, 2000

Answers

Oops Now how did that happen? Must be one of those Y2k problems. Sorry for the double posting. Can't seem to spell my own name too.

Time for BED!!!

-- (Primus2000@learning.com), March 04, 2000.

Primus,

Too many dollars floating around causing them to lose value versus oil(i.e. oil goes up in price): I can buy that.

Euro taking dollar's spot as preferred reserve currency of the world: The Euro has fallen versus the dollar almost from the day it was introduced, so I don't see how that part of your speculation makes any sense. Of course, gold isn't moving sharply higher either, and it historically has moved higher when commodity prices have moved higher. Unless of course, there is a REASON that gold is not moving higher(donning "gold manipulation" flame retardant suit now). OK, suit's on, flame away.

-- J (Y2J@home.comm), March 04, 2000.