| Russia Threatens To Abandon The U.S. Dollar | |
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| Topic Started: Mar 11 2014, 09:55 PM (1,315 Views) | |
| LadyBug1 | Mar 12 2014, 01:43 AM Post #31 |
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Good info..... |
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| kennyinbmore | Mar 12 2014, 06:32 AM Post #32 |
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Exactly why I said, we'll live
Edited by kennyinbmore, Mar 12 2014, 06:33 AM.
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| Zechariah | Mar 12 2014, 07:35 AM Post #33 |
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Zechariah
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Sound to me as though they're following the course they said they would.
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| The SOLE Controller | Mar 12 2014, 12:46 PM Post #34 |
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Ho-Hum...mr. Ancient & Prehistoric newstory'er strikes again: https://www.google.com/#q=BRIC+'s+to+abandon+dollar+in+trade |
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| Zechariah | Mar 12 2014, 10:01 PM Post #35 |
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Zechariah
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Your link, dumb ass, pertains to an entirely different issue. This threat is in relations to a potential sanctions issue that wasn't present then. Didn't I tell you that COONS! know nothing?
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| beserker | Mar 13 2014, 12:31 PM Post #36 |
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told u so!http://finance.yahoo.com/news/exclusive-u-plans-5-million-barrel-release-crude-143503579--finance.html U.S. surprises with 5 million barrel from crude oil reserve sale Reuters March 12, 2014 11:10 AM Barricades protect the entrance to the U.S. Department of Energy's Stategic Petroleum Reserve in Bryan Mound . View photo Barricades protect the entrance to the U.S. Department of Energy's Stategic Petroleum Reserve in … Related Stories U.S. sales of reserves in works 'for many months': Energy Department Reuters [$$] Oil Futures Fall as Supplies Continue to Climb The Wall Street Journal U.S. sales of reserves in works 'for many months': Energy Department Reuters Why inventory figures helped push crude oil prices up Market Realist Oil falls near $100 as crude supplies seen rising Associated Press WASHINGTON (Reuters) - The U.S. Department of Energy will sell up to 5 million barrels of crude oil from the Strategic Petroleum Reserve, a move it said was to test the capabilities of the nation's emergency stockpile in a rapidly changing oil market. In the first sale from the reserve since 1990 that is specifically designed as a test, the department will offer sour crude from its West Hackberry and Big Hill sites on the U.S. Gulf coast, with bids due March 14. Surging U.S. shale oil production has changed the logistics of U.S. crude markets. Instead of moving oil from the Gulf up to the center of the country, as was traditionally the case, major pipelines have reversed course to move a glut of shale oil from places like North Dakota to points south. "Due to the recent dramatic increase in domestic crude oil production, significant changes in the system have occurred," department spokesman Bill Gibbons said. The test sale was needed to "appropriately assess the systems capabilities in the event of a disruption," he added. The DOE said the test had been discussed for months internally and was timed so refineries interested in buying from the reserve can plan for when their facilities come out of annual maintenance cycles and crude oil stocks are needed in preparation for the switch over to summer grade gasoline. The release would be equivalent to about one-quarter of the crude oil used in the United States every day, but the news still helped to push oil prices toward one-month lows. The most recent emergency sale from the reserve was in 2011, in response to the civil war in Libya, when the Energy Department authorized a tap of 30 million barrels in coordination with the EU, which tapped a similar amount from its reserves. |
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| LadyBug1 | Mar 13 2014, 12:34 PM Post #37 |
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| VoiceofReason | Mar 14 2014, 02:22 AM Post #38 |
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Oil isn't really the only issue though, Berserker. It's political posturing. |
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| The SOLE Controller | Mar 14 2014, 09:01 AM Post #39 |
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Nope. As my link proved; Russia threatening to abandon the America dollar in, 2009, is no different than Russia talking about abandoning the U.S. Dollar now in 2014. If you're too dumb to comprehend where the idea was first borne, first tried, first glorified, then I have no control over your stupidity nor your closed-minded approach to politics. Edited by The SOLE Controller, Mar 14 2014, 09:01 AM.
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| Zechariah | Mar 14 2014, 09:04 AM Post #40 |
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Zechariah
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You are entirely too stupid for words.
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10:26 AM Jul 11