Not Logged In Log In   Sign Up   Points Leaders
Follow Us    5:28 PM

GasBuddy News Article

56
votes
Could declining 'Petro-dollar' induce Middle East conflict?

GasBuddy Blog -- The value of the dollar is slipping, slipping, slipping… so consistently that its pervasive influence impacts American consumers daily both on the price of gasoline and just about any consumer goods we buy. Have you bought Girl Scout cookies lately? A box of their wonderful thin mint cookies has shrunk from three sleeves of cookies to two. The box weighs 9 ounces.

Jeff Cox, a senior writer with CNBC, reported earlier this month that the U.S dollar is shrinking as a percentage of the world's currency supply, raising concerns that the greenback is about to see its long run as the world's premier denomination come to an end. When compared to other global currencies, the dollar has drifted to a 15-year low, according to the International...


Read the Full Article

Submitted Mar 08, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Could declining 'Petro-dollar' induce Middle East conflict? Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
Message Posted: Mar 12, 2013 5:58:13 AM

time to get our economy on its feet again.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
Message Posted: Mar 11, 2013 5:59:12 AM

snapper: some of us do. Along w/ regulations being put back into place for specutraitors.
Profile Pic
snapper06
Champion Author Toledo

Posts:3,225
Points:381,785
Joined:Oct 2008
Message Posted: Mar 10, 2013 9:10:57 PM

So blame Government. No one thinks Big Oil has as much responsibility to help fix mess they help create.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
Message Posted: Mar 10, 2013 8:30:04 AM

Though there is no GOOD reason why pump prices hover near $4 when the barrel of crude is well below $100. That's where pump prices were in August 2008 when crude hit nearly $150 / barrel.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
Message Posted: Mar 10, 2013 8:29:50 AM

at least the GS cookies are still the same price. I guess you can't shrink a gallon so the price must go up.

Profile Pic
Vanho
Champion Author Fort Worth

Posts:1,120
Points:850,785
Joined:Aug 2007
Message Posted: Mar 9, 2013 9:33:15 AM

Thanks Wash DC!
Profile Pic
csnvcas
All-Star Author Illinois

Posts:994
Points:236,980
Joined:Nov 2012
Message Posted: Mar 9, 2013 7:53:03 AM

Ok
Profile Pic
otherdave
Champion Author Indiana

Posts:6,008
Points:1,869,890
Joined:Oct 2008
Message Posted: Mar 9, 2013 7:07:38 AM

ok
Profile Pic
DutchTreatMI
Champion Author Grand Rapids

Posts:5,598
Points:1,325,460
Joined:Mar 2011
Message Posted: Mar 9, 2013 5:04:14 AM

the average consumers are having trouble paying for the important things in life bills, gas and put food on the table.
Profile Pic
jacob5066
Champion Author College Station

Posts:4,433
Points:1,031,565
Joined:Feb 2012
Message Posted: Mar 9, 2013 5:00:49 AM

Old news
Profile Pic
fratt
Champion Author Grand Rapids

Posts:12,369
Points:3,242,985
Joined:Jul 2005
Message Posted: Mar 9, 2013 4:55:44 AM

Old news.
Profile Pic
Pozole
Champion Author Portland

Posts:16,398
Points:2,195,495
Joined:Mar 2005
Message Posted: Mar 9, 2013 4:55:44 AM

...moldy "news"...
Profile Pic
MazdaRX8Fan
Rookie Author Indiana

Posts:22
Points:26,715
Joined:Feb 2013
Message Posted: Mar 9, 2013 4:50:21 AM

People think we should "Buy American"? Well, this is the way to make it happen. By devaluing the dollar it makes foreign goods more expensive to the point that you can't afford that new 60" Japanese made TV. You'll just have to buy the American made 29" one... if they existed... that also went up in price because they use Japanese parts.

Oil is headed up. Automobiles are headed up. Anything that uses foreign parts or foreign commodities (oil for instance) is headed up. That includes food costs. Tractors use diesel and foreign parts, semis use diesel and foreign parts...

There is no good in this.
Profile Pic
metrojeep
Champion Author Fort Worth

Posts:4,933
Points:1,035,695
Joined:Feb 2012
Message Posted: Mar 9, 2013 4:50:08 AM

Old News
Profile Pic
mikesr100
Champion Author Sacramento

Posts:6,494
Points:1,681,690
Joined:Apr 2008
Message Posted: Mar 9, 2013 4:49:55 AM

yea obummerhas trippled the deficit!
Profile Pic
Beboper
Champion Author Virginia

Posts:11,328
Points:2,764,765
Joined:Oct 2005
Message Posted: Mar 9, 2013 4:48:34 AM

old news
Profile Pic
DrivingFool2
Champion Author Appleton

Posts:11,231
Points:2,197,535
Joined:Apr 2005
Message Posted: Mar 9, 2013 4:48:07 AM

And the rich get richer and the poor, and middle class, get poorer
Profile Pic
snky2k
Champion Author Indianapolis

Posts:3,194
Points:866,060
Joined:Mar 2012
Message Posted: Mar 9, 2013 4:42:22 AM

HA4CNN is right. And I'm impressed with his/her Canadian insight into American finance. The "Federal" Reserve is being exposed - slowly but surely.
Profile Pic
wkb03
Champion Author Georgia

Posts:3,272
Points:1,000,000
Joined:Aug 2011
Message Posted: Mar 9, 2013 4:38:51 AM

Old news
Profile Pic
twobroke61
Champion Author Michigan

Posts:10,965
Points:2,186,015
Joined:Sep 2008
Message Posted: Mar 9, 2013 4:37:29 AM

the Government needs to learn to to spend within there means
Profile Pic
Z06KY
Champion Author Louisville

Posts:7,772
Points:1,504,340
Joined:Nov 2010
Message Posted: Mar 9, 2013 4:34:26 AM

I agree thanks Obummer!
Profile Pic
jcurley
Champion Author California

Posts:10,021
Points:2,350,135
Joined:Dec 2007
Message Posted: Mar 9, 2013 4:25:50 AM

SteveMartin is correct. Thank you liberals for saving this country from the anarchist tea party members and Mitt. Otherwise, the GOP would have destroyed Social Security, Medicare, Medicaid, etc., and we would have a 1.5 trillion dollar military budget, because we would have invaded Iran and North Korea by now.

And who'd have thought that the Dow would hit new record highs with a COMMUNIST in the white house?!?!?!
Profile Pic
BigDogOH
Champion Author Cincinnati

Posts:11,092
Points:2,408,160
Joined:Mar 2008
Message Posted: Mar 9, 2013 4:22:11 AM

Thanks obummer
Profile Pic
getchaz
Champion Author Tucson

Posts:1,438
Points:513,095
Joined:Sep 2005
Message Posted: Mar 9, 2013 4:20:13 AM

interesting
Profile Pic
findcheap
Champion Author Los Angeles

Posts:12,177
Points:2,610,690
Joined:Apr 2007
Message Posted: Mar 9, 2013 4:19:41 AM

it always has
Profile Pic
goldseeker
Champion Author West Virginia

Posts:22,983
Points:3,318,335
Joined:Sep 2005
Message Posted: Mar 9, 2013 4:17:27 AM

maybe
Profile Pic
SteveMartin
Champion Author New Orleans

Posts:6,838
Points:1,457,085
Joined:May 2008
Message Posted: Mar 9, 2013 4:17:16 AM

Thank the liberals & the communist in the white house.
Profile Pic
jcurley
Champion Author California

Posts:10,021
Points:2,350,135
Joined:Dec 2007
Message Posted: Mar 9, 2013 4:17:14 AM

You think there's too much US debt? Then stop voting GOP. Every GOP President since Reagan, including Reagan ran up the national debt by a few trillion. You know, the old NeoCon plan to put us so far into debt that we have to destroy our safety net programs (but keep our trillion dollar military budget!!).

Contrary to Fox Lies TV, Obama has cut spending more than most presidents in recent times. And since we're still in the great Bush recession - we need government stimulus (on worthwhile projects like infrastructure). When the jobs come back and the economy rebounds, that will erase the budget deficit, assuming that we can close a few of the loopholes for the Mitt Romney's of the country.
Profile Pic
hawkman74
Champion Author Dallas

Posts:1,325
Points:654,095
Joined:Sep 2011
Message Posted: Mar 9, 2013 4:11:26 AM

This will make it harder for the US gov. to borrow.
Profile Pic
Matt G
Champion Author Boston

Posts:7,129
Points:3,373,355
Joined:Jun 2004
Message Posted: Mar 9, 2013 4:11:12 AM

agree

Profile Pic
hybridaholic
Champion Author Appleton

Posts:10,979
Points:2,151,630
Joined:Dec 2008
Message Posted: Mar 9, 2013 4:11:02 AM

You've got that right ROSYLI
Profile Pic
hawkman74
Champion Author Dallas

Posts:1,325
Points:654,095
Joined:Sep 2011
Message Posted: Mar 9, 2013 4:10:22 AM

Deficit spending has its consequences.
Profile Pic
hawkman74
Champion Author Dallas

Posts:1,325
Points:654,095
Joined:Sep 2011
Message Posted: Mar 9, 2013 4:09:24 AM

Perhaps
Profile Pic
ldiggy
Champion Author Wilmington

Posts:3,126
Points:880,685
Joined:Apr 2012
Message Posted: Mar 9, 2013 4:05:30 AM

Only time will tell.
Profile Pic
HA4CNN
Champion Author Toronto

Posts:7,981
Points:2,101,015
Joined:Dec 2006
Message Posted: Mar 9, 2013 4:04:15 AM

The United States dollar is on thin ice and could cease to be the reserve currency of the world.
Profile Pic
abk
Champion Author Utah

Posts:3,365
Points:1,194,675
Joined:Jan 2010
Message Posted: Mar 9, 2013 4:02:58 AM

Well getting out of so much debt would be a start to fixing the problem.
Profile Pic
UBDave
Champion Author British Columbia

Posts:1,713
Points:1,929,085
Joined:Oct 2008
Message Posted: Mar 9, 2013 3:57:35 AM

Time will tell for sure...
Profile Pic
rosyLI
Champion Author Long Island

Posts:8,125
Points:1,638,585
Joined:Apr 2010
Message Posted: Mar 9, 2013 3:49:11 AM

A sunny day could induce conflict in the unstable Middle East.
Profile Pic
Z51Corvette
Champion Author Austin

Posts:10,589
Points:2,201,580
Joined:Jan 2008
Message Posted: Mar 9, 2013 3:45:26 AM

All a price of inflation!
Profile Pic
afghaned
Champion Author Ottawa

Posts:15,247
Points:1,886,690
Joined:May 2004
Message Posted: Mar 9, 2013 3:43:47 AM

Governments need to live within their means just as hiuseholds do.
Profile Pic
Retowered
Champion Author Colorado

Posts:11,166
Points:3,286,290
Joined:May 2004
Message Posted: Mar 9, 2013 3:43:33 AM

Time will tell.
Profile Pic
SHEP20715
Champion Author Maryland

Posts:11,110
Points:2,313,665
Joined:Nov 2007
Message Posted: Mar 9, 2013 3:43:01 AM

In this economic atmosphere, the currencies of all countries have been devalued
Profile Pic
tomok
Champion Author Portland

Posts:43,728
Points:2,946,485
Joined:Aug 2006
Message Posted: Mar 9, 2013 3:42:33 AM

Could declining 'Petro-dollar' induce Middle East conflict? If Sneeky keeps spending money like there is no tomorrow, the dollar as a world petro-dollar will suffer more and more. Get someone in there that knows what they are doing and keep this country from sliding even farther into that ever widening 'hole.'
The Middle East conflict will never end, they will battle and argue with each other for many years, decades to come. That's the way things are done over there!
'Coming out of the closet' Sneeky's lousy, smoke and mirrors, lack of jobs, dog and pony show and in the crapper economy, the jobs are Not here. Sneeky's socialist economy is Not improving but continues to hurt the population and the job numbers continue to be down!
Drive vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
Profile Pic
Rainy1
Champion Author San Diego

Posts:2,069
Points:142,970
Joined:Apr 2012
Message Posted: Mar 9, 2013 3:40:54 AM

I agree with everything snky2k says!
Profile Pic
oweno1
Champion Author San Diego

Posts:3,102
Points:689,735
Joined:Nov 2012
Message Posted: Mar 9, 2013 3:40:39 AM

the middle east is always in conflict already
Profile Pic
UseLessGasFolks
Champion Author Iowa

Posts:7,997
Points:1,881,450
Joined:Jul 2007
Message Posted: Mar 9, 2013 3:40:09 AM


Hey don't you look at my camel like that!
Profile Pic
vulcan96
Champion Author Ohio

Posts:27,181
Points:3,133,135
Joined:Aug 2004
Message Posted: Mar 9, 2013 3:39:53 AM

sad times for sure
Profile Pic
CountryPeddler
Sophomore Author Tennessee

Posts:168
Points:310,925
Joined:Dec 2007
Message Posted: Mar 9, 2013 3:39:00 AM

No surprise here!
Profile Pic
Settjec
Champion Author Little Rock

Posts:4,537
Points:1,271,790
Joined:May 2010
Message Posted: Mar 9, 2013 3:36:15 AM

The middle East is always in need of a reason to fight
Profile Pic
Brucevanf
Champion Author New Brunswick

Posts:3,897
Points:843,125
Joined:Aug 2012
Message Posted: Mar 9, 2013 3:35:33 AM

The middle East is in turmoil by it's own nature.
Post a reply Back to Topics