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Originally posted by ChaoticOrder
Now we're talking serious business here. This is humungous. Russia is the largest oil producing country on Earth. This has opened the floodgates for a whole world of alternative-currency oil trade. Wow folks... I'm stunned. The media will not make a peep about this I bet.
Originally posted by OccamsRazor04
Originally posted by ChaoticOrder
Now we're talking serious business here. This is humungous. Russia is the largest oil producing country on Earth. This has opened the floodgates for a whole world of alternative-currency oil trade. Wow folks... I'm stunned. The media will not make a peep about this I bet.
Can you cite that? Last I checked the US had about 2000 rigs and Russia was about half that.
Note that oil production refers to the sum of barrels of crude oil extracted each day from drilling operations compounded with the equivalent production of natural gas liquids and refinery gains from domestic or imported petroleum production
It's obviously quite simple to find that because I found multiple sources within minutes.
Now those numbers do not tell you about production levels, I haven't been able to find those figures.
As I said, the CIA site is obviously credible (well that's debatable), however the data is from 2010, it is outdated data. The information on the Wikipedia page is likely to be much more representative of present production rates.
The site you listed seems credible, which puts US, SA, and Russia side by side basically. About what I figured.
You're missing the point once again. It may not be very surprising to you, but that doesn't change the fact this is huge news with huge global economic implications. There's no need to marginalize the issue here.
Russia not wanting to use the US dollar is unsurprising.
Originally posted by OccamsRazor04
Originally posted by ChaoticOrder
This story is a lot bigger than it seems... the U.S. has invaded and overthrown Governments because they attempted to undermine the petrodollar monopoly by using their own currency. Saddam attempted to do it with the EURO and Gaddafi attempted to do it with the Gold Dinar (more info).
But China isn't just any little Middle Eastern nation is it. China is a whole other ball game. It's not so easy to push them around and terrorize their people. China has the funding and man power to fight any war you throw at them. We must avoid war at all costs because it would destroy our planet.
If this report is real and if China is actually serious about this you can some huge developments in the near future. The U.S. dollar is propped up so much by it's heavy use in oil trade, that's why the U.S. Government will tear apart entire nations to stop them from threatening that monopoly.
When did we invade Europe and Canada. You do realize many countries around the world use the Euro as their petrodollar.
How does the country with the greatest military machine in history EVER become"irrelevant"?
Originally posted by boeserwolf
As with the downfall of any empire, the USA will become more and more irrelevant on the world stage. This is just the beginning.
Originally posted by ChaoticOrder
This story is a lot bigger than it seems... the U.S. has invaded and overthrown Governments because they attempted to undermine the petrodollar monopoly by using their own currency. Saddam attempted to do it with the EURO and Gaddafi attempted to do it with the Gold Dinar (more info).
But China isn't just any little Middle Eastern nation is it. China is a whole other ball game. It's not so easy to push them around and terrorize their people. China has the funding and man power to fight any war you throw at them. We must avoid war at all costs because it would destroy our planet.
If this report is real and if China is actually serious about this you can expect some huge developments in the near future. The U.S. dollar is propped up so much by it's heavy use in oil trade, that's why the U.S. Government will tear apart entire nations to stop them from threatening that monopoly.edit on 14/9/2012 by ChaoticOrder because: (no reason given)
Originally posted by OccamsRazor04
reply to post by WiseThinker
China has no military power. They are trying to flex political and economic power though. It will become news when their currency starts being used.
Originally posted by OccamsRazor04
reply to post by ChaoticOrder
Oh, and I will gladly educate you a bit further as you seem to have nothing for me. China has spent a great deal of effort devaluating their currency. If they replaced the dollar their currency would skyrocket. What happens to a country who lives on cheap exports when their currency skyrockets?
I'd think their ICBM's are capable of wiping America off the face of the Earth, nothing your "force projecting" (sitting duck) carriers can do about those.
Tell me, what force projection does China have?
How does the country with the greatest military machine in history EVER become"irrelevant"?
Originally posted by AgentX09
How does the country with the greatest military machine in history EVER become"irrelevant"?
Originally posted by boeserwolf
As with the downfall of any empire, the USA will become more and more irrelevant on the world stage. This is just the beginning.