PetroEuros: a threat to US interests in the Gulf?

[2cents]

complex issues indeed, however there are a few straightforward answers... thought this to be a reasonably thorough, balanced view... fyi
http://web.nps.navy.mil/~relooney/Rel_MEJ_S04.pdf
http://www.ccc.nps.navy.mil/people/looney.asp

thoughts?

 

[scriabinop23]

Quote from 2cents:

complex issues indeed, however there are a few straightforward answers... thought this to be a reasonably thorough, balanced view... fyi
http://web.nps.navy.mil/~relooney/Rel_MEJ_S04.pdf
http://www.ccc.nps.navy.mil/people/looney.asp

thoughts?

good post. that was one of the most unbiased reads I've seen on the subject so far.

his conclusion = our trade deficits and budget deficits are a bigger threat to the dollar than oil pricing issues.

 

[jem]

he explained why the conversion to euros was not likely to happen anytime soon but he not really address the important. Is the conversion to euros a threat. (except for the seniorage (sp) - which is a minor deal)

 

[jem]

Quote from jem:

he explained why the conversion to euros was not likely to happen anytime soon but he not really address the important. Is the conversion to euros a threat. (except for the seniorage (sp) - which is a minor deal)

My question was mangled. I did not really see the author address the question of whether the change to pricing Oil in Euros would have a significant effect on the U.S.