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Sorry I don't have time to develop this thought right now .. and maybe it is already happening elsewhere on here .. but moving is taking just about all my time right now ... should be in new place next weekend.
But I'm wondering as I sort/pack, how is the U.S. determining to support rebels or governments in the ME? Could it be a sunni/shiite thing? Sunnis are in charge of most oil production .. I think. So whether the sunnis are "rebels" or "government" that's how it's determined? Most oil must be traded in USD's. Shiites don't care about that ... so it behooves the U.S. (BIG TIME) to keep oil traded in USD.
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Just some thoughts based on bits-&-pieces ... Back to the moving thing ...
Issachar
But I'm wondering as I sort/pack, how is the U.S. determining to support rebels or governments in the ME? Could it be a sunni/shiite thing? Sunnis are in charge of most oil production .. I think. So whether the sunnis are "rebels" or "government" that's how it's determined? Most oil must be traded in USD's. Shiites don't care about that ... so it behooves the U.S. (BIG TIME) to keep oil traded in USD.
It’s All About the Dollar
The fiat US dollar only survives as the world’s reserve currency because the majority of the oil producers demand payment in dollars. The important significance of this was detailed in Anthony Wile’s recent "Mid-East Conflict Not Exactly About Oil" which appeared last week in The Daily Bell. Although Iran now sells oil in other currencies, the other major oil-producing nations still demand payment for oil in US dollars thus requiring ALL nations to utilize dollars as a reserve currency. Quoting Tony, "That is if they wanted to buy any oil – as dollars were what the Saudis and the rest of the OPEC members would accept. This created the effect of an ever-growing demand for dollars. And like any Ponzi scheme, you need an ever-expanding base of demand, or else it crumbles, which they all eventually do."
The fiat US dollar only survives as the world’s reserve currency because the majority of the oil producers demand payment in dollars. The important significance of this was detailed in Anthony Wile’s recent "Mid-East Conflict Not Exactly About Oil" which appeared last week in The Daily Bell. Although Iran now sells oil in other currencies, the other major oil-producing nations still demand payment for oil in US dollars thus requiring ALL nations to utilize dollars as a reserve currency. Quoting Tony, "That is if they wanted to buy any oil – as dollars were what the Saudis and the rest of the OPEC members would accept. This created the effect of an ever-growing demand for dollars. And like any Ponzi scheme, you need an ever-expanding base of demand, or else it crumbles, which they all eventually do."
Just some thoughts based on bits-&-pieces ... Back to the moving thing ...
Issachar
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