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Old August 4th 05, 03:27 PM
rooman
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Default BBC news story today


ritcho Wrote:
Ha! stick to cycling topics... despite the conspiracy theories, high oi
prices are bad for the US economy, despite contracts being exchanged i
USD. USD has fallen a long way from its highs a few years ago, makin
oil relatively cheaper for non-US consumers. The currency market i
plenty liquid enough for Europeans to swap euros for dollars an
dollars for oil. The way the USD has gone over the past few years ha
meant the Belgians had to exchange fewer euros for the same number o
USD

Ritc

PS. Royal Dutch Shell was just transferred out of MSCI-Europe index an
into the UK - so it's more of a UK company (at least in its financia
life)

Hey, and you think that wasnt a trade off for the US to keep the oi
standard...it happens for a reason dear ritcho, and it all aint simpl
front page economics . Dubbya and the clique are well in control o
all that. That's why the Froggies and the Ruskies are still seething

and to keep the topic on matters cycling sure...it's probably wh
dubbya cant stay on his bike, he's got too much black gold on hi
seat..hah

--
rooman

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