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Oil Prices
14-10-2017, 04:33 PM,
Post: #1221
RE: Oil Prices
Deterioration of US-Arab relationship since 911 sow the seed and maybe Brexit will be the catalyst for the beginning of the end for Petro$
https://www.cnbc.com/2017/10/11/china-wi...lainternal

I don't think RMB would be the major reserve currency next 20 years but USD position will be weakened. On the other hand China views the change pragmatically but Russia has political agenda.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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14-10-2017, 05:20 PM, (This post was last modified: 14-10-2017, 05:22 PM by weijian.)
Post: #1222
RE: Oil Prices
President Trump seems to working for Saudi (and Israel?)'s benefits with the de-certification of the Iran deal. To which extent would the Saudis start to bow out? IIRC, they still buy alot of weapons from the United States, any one interested in Chinese (aka Russian-modified) weaponry as a substitute? Big Grin

Even if oil goes off the chart, there are still tons of commodities priced in USD and also the biggest of all - the Treasury bond market.

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