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VK2AAB > FUEL 28.10.09 21:45l 17 Lines 658 Bytes #999 (0) @ WW
BID : 21785_VK2WI
Read: GUEST
Subj: Ee: Oil Price GDP & Recession
Path: DB0FHN<DB0FOR<DB0SIF<DB0MRW<DK0WUE<DB0RES<ON0AR<HS1LMV<CX2SA<VE3UIL<
VK2DOT<VK2TGB<VK2IO<VK2WI
Sent: 091028/0653Z @:VK2WI.#SYD.NSW.AUS.OC #:21785 [Sydney] $:21785_VK2WI
From: VK2AAB@VK2WI.#SYD.NSW.AUS.OC
To : FUEL@WW
Hello Ian,
Yes, OPEC amoungst others are getting twichy about the number
of US dollars they are receiving. There was a suggestion of a new
currency for international trade or "Special Drawing Rights" from the
World Bank.
Long term the US dollar I think fall rather more perhaps after the next
oil price spike/recession cycle. Some think that will happen next year,
but most opinion seems to think 2012 is more likely.
A lot depends on China's oil demand.There was a one million barrel a day
increas in China's demand from July to August. That hopefully will not
continue.
73 Barry VK2AAB
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