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Thread: European Union vs The United States of America

  1. #46

    Default Re: European Union vs The United States of America

    Quote Originally Posted by Caspiantiger View Post

    Skipster when Russian and middle eastern nations change which currency theiur oil is bought in it will have a huge effect on the demand for American dollars. It will be reduced massively and your economy will get very weak.
    This should be just about the time America develops hydrogen cars are some other new technology leaving the middle east it choke on its oil.

    The middle east in nothing without oil.

  2. #47

    Default Re: European Union vs The United States of America

    Quote Originally Posted by Caspiantiger View Post
    ground and pound exactly, Tony Blair took us into a war the UK did not want, in this country he is generally hated. He was Bush's poodle and did what he was told, ofcourse now he will become super rich a reward from his American boss's.
    In this country on the main tv station there was a show called the trial of Tony Blair, if that gives you a feel of public opinion here.

    GnP, if Britain invade's muslim countries it should expect retaliation. I said there should be no war with Iraq, the bombing's are a result of this war and thus another effect Blair had on us.

    Skipster when Russian and middle eastern nations change which currency theiur oil is bought in it will have a huge effect on the demand for American dollars. It will be reduced massively and your economy will get very weak.
    Oil is traded in dollars because the US economy is the strongest and most consistent in all the world. If any of the EU economies encounters a problme, the Euro is affected. But, the US economy is much less volatile and is the most reliable economy in the world. We will not see oil traded in any other currency because of this. Remember that oil is still cheaper, in real dollars, than it was in the 1970s. If a change were to have been made, it could have come in the 70s, but it didn't.

    However, if oil were to be traded in another currency, we wouldn't see any deleterious effects. The other currency would weaken because of the high nominal price of oil (which is accompanied by a decrease in demand -- a large part of why the US Dollar has slipped recently) and oil could be cheaper for us.

    Right now, because of the weakened dollar, oil is cheaper in Euros than in dollars. If other countries were out to hurt our economy, they is their ideal situation. If oil were priced in Euros, the Euro would decrease in value because of decreased demand. Oil would then be cheaper for us, which would help our economy.

    But, this is just a business cycle. Oil and currencies have always been cyclic. This, too, shall pass.

  3. #48

    Default Re: European Union vs The United States of America

    ground&pound that is a lovely world you live in.
    First of all i will be happy to see these hydrogen cars if they are ever made. I am curious how will your planes fly, hydrogen planes too? i think you are simplifying a complicated issue and your reasoning is flawed.

    Skipster the US dollar is not the strongest currency, the Euro and the pound are both stronger. Oil is starting to be sold in Euro's and even perhaps Roubles, and i think the change will happen soon.

    The reason it was sold in dolars was because Saudi Arabia set the precedent many years ago and everyone just followed because it made sense, these days oil producing nation's realise they can strengthen certain nations and weaken other nations by selling their oil in different currencies.

    I think you live in a dream world. If oil stopped being sold in dollars Americans economy would hit recession hard and it would mostt probably be the downfall of America. You see all that debt you have would have to be paid back, right now it isn't because there is demand for the dollar, but if oil was sold in euro's there would be no demand and thus America would have to pay its debt.

    Oil and currency hasn't always been in cycle it has only been sold in dollars but times are changing.

    You have a poor knowledge of the history of oil and economics in general.

  4. #49

    Default Re: European Union vs The United States of America

    Quote Originally Posted by Caspiantiger View Post
    ground&pound that is a lovely world you live in.
    First of all i will be happy to see these hydrogen cars if they are ever made. I am curious how will your planes fly, hydrogen planes too? i think you are simplifying a complicated issue and your reasoning is flawed.
    It's called progress.

    If you think in 20, 50, 100 years will are still going to be driving gasoline powered cars, you are the one with flawed reasoning.

    You are underestimating the appetite of the free market. Once alternative energy becomes profitable, things will change quickly.

    There will probably alway be a need for some fossil fuels. But simple supply and demand laws will keep prices in check. Plus, the US still has reserves in Alaska.

  5. #50

    Default Re: European Union vs The United States of America

    Ground and pound i think your reasoning is flawed because it is based on the assumption that new technology will be made, there is no gaurantee and frankly when people see a hydrogen car, they'll say ''how fast does that go'' the answer ''no where near as fast as a petrol car'', that will kill the market except for liberal trea huggers.

    Would you drive a nano or a smart car..... thought as much!

    Second, plane's will need petrol for a long time because the engine's need the upward thrust, electric and i expect hydrogen engine's wont supply it.

    I realise that your beliefs are soely based on a dislike for middle eastern nations and the potential oil profits they can make and not the environment. So i don't take you seriously.

    I however am 100 percent in favour of renewable and environmentally friendly fuel supplies. However unlike these freaks who want us to go back to living in caves with no cars and technology i believe the future is with development of technology. If they bring out a hydrogen car i will buy one. My car gets 60MPG on average, out of curiosity what does your car get GnP. I hope you live up to your environmentalist beliefs

  6. #51

    Default Re: European Union vs The United States of America

    Ground and pound i think your reasoning is flawed because it is based on the assumption that new technology will be made, there is no gaurantee and frankly when people see a hydrogen car, they'll say ''how fast does that go'' the answer ''no where near as fast as a petrol car'', that will kill the market except for liberal trea huggers

    There are hybrid vehicles all over California right now, fyi. In fact, BMW makes a 7-series hybrid car. Speed isn't an issue with hybrids.

    Second, plane's will need petrol for a long time because the engine's need the upward thrust, electric and i expect hydrogen engine's wont supply it.

    You're just guessing here, right? You have no idea what you're talking about.

    I realise that your beliefs are soely based on a dislike for middle eastern nations and the potential oil profits they can make and not the environment. So i don't take you seriously

    If we applied the same reasoning to you, an avowed Jew-hater and U.S.-hater, then no one would take you seriously.

  7. #52

    Default Re: European Union vs The United States of America

    Quote Originally Posted by Flop The Nuts View Post
    then no one would take you seriously.
    People (other than Big) take him seriously?

  8. #53

    Default Re: European Union vs The United States of America

    Quote Originally Posted by Caspiantiger View Post
    ground&pound that is a lovely world you live in.
    First of all i will be happy to see these hydrogen cars if they are ever made. I am curious how will your planes fly, hydrogen planes too? i think you are simplifying a complicated issue and your reasoning is flawed.

    Skipster the US dollar is not the strongest currency, the Euro and the pound are both stronger. Oil is starting to be sold in Euro's and even perhaps Roubles, and i think the change will happen soon.

    The reason it was sold in dolars was because Saudi Arabia set the precedent many years ago and everyone just followed because it made sense, these days oil producing nation's realise they can strengthen certain nations and weaken other nations by selling their oil in different currencies.

    I think you live in a dream world. If oil stopped being sold in dollars Americans economy would hit recession hard and it would mostt probably be the downfall of America. You see all that debt you have would have to be paid back, right now it isn't because there is demand for the dollar, but if oil was sold in euro's there would be no demand and thus America would have to pay its debt.

    Oil and currency hasn't always been in cycle it has only been sold in dollars but times are changing.

    You have a poor knowledge of the history of oil and economics in general.
    You think I have a poor knowledge of economics? You haven't once stated anything that has made economic sense. First, you tell me that the US Dollar is not the strongest currency, although I never said it was -- I said the US economy is the world's strongest and most stable. That is certainly truth -- simply review GDP and growht figures. No other country on the planet can match the US GDP and growth combination. Even when growth is low, GDP still outranks any other country per unit growth.

    You also show how little you know about currencies and trade. If oil is sold in other currencies, there would be NO deleterious effect on our economy. If oil were to be sold in a more valuable currency, it would become even more expensive than it is now, which would result in a drop in demand -- you can't consume it if you can't buy it. The currency would then lose value (because of fewer demands for it) and other currencies would rise in relation. If oil were sold in Euros, it would be expensive for us only for as long as it took to decrease demand, in which case the strength of the Euro falls, the dollar rises, and oil becomes cheaper. Besides, with the US still being Saudi Arabia's largest customer, it wouldn't want to do anythign that would make us buy less oil. They have nothing to gain by makign things harder for us, even if only in the short-term.

    You also say that the US would hit a hard recession if oil is sold in another currency, but you don't state why. What economic principles lead you to that conclusion? If China is to buy Saudi oil in dollars, it buys dollars to buy oil, the Saudis then change the dollars back to their currency for their own uses -- the net change is NOTHING!!! We gain NOTHING by oil being traded in our currency, excpet the convenience of not having to figure exchange rates on teh CNBC ticker.

    You clearly are living in a dream world. It doesn't matter what currency oil is traded in. I have laid out the economic foundation for my argument. PLease lay out the economic reasoning for yours.

  9. #54

    Default Re: European Union vs The United States of America

    flop the nuts, hybrid cars are not hydrogen cars, they are either electric or gas and they only run when you are driving slow, they use petrol/diesel when they go fast. They are not even that good, i get more MPG with a diesel then they do.

    I do have an idea, i study engineering and we have discussed alternative fuels for air travel in class. Its not all that realistic, it is very hard to lift a plane in the air with alternative fuels. I do not study aeronautics but i know there are many forces acting down on a plane such as gravity, mass, air resistance, so it takes a lot of upward force to lift it. Jet engines are very powerful.

    Flop the nuts i don't hate jews, however as a half Iranian i do believe many jews hate my people as they keep making anti Iranian propaganda and trying to incite war against Iran. Between us and them i choose us.

    Am i a US hater? i don't think so, i disgaree with many things the US does, but in fairness America has got a very poor human rights record, it is an extremely racist nation and it empowers tyrannical governments. Lets be fair America is the most hatred country in the world so i am hardly being anti US, i am just reflecting world opinion about American actions.

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