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 _______________________________________________ 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 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 > > >------------------------------------------------------------------------------ > > > _______________________________________________ > 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 > _______________________________________________ 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/