Oil & Gas

Fork Master said:

The USA wants oil prices to be as high as possible because of how petrodollars artificially inflate the US currency. Before a country buys oil, they must first buy US dollars to pay for the oil. That's a lot of artificial demand on USD's.

That's why Iraq was invaded, Saddam switched to petroeuros. lol

http://www.informationclearinghouse.info/article9936.htm
http://www.informationclearinghouse.info/article9698.htm

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That's not necessarily in the best interest of the US. I think the US would rather have a lower dollar for 2 reasons. It cranks up the domestic economy and it reduces the value of the debts they owe to foreigners.

Case in point, the US did nothing when the dollar tanked against the Euro and the Yen in the last 2 years.