Tuesday, October 6, 2009

Oil Nations to Drop Dollar

I read a disturbing news article last night on the DrudgeReport (say what you will about The Drudge Report, but I find it a fair and informative news source that the mainstream media refuses to acknowledge). The news was the Arab states were in the planning stages of replacing the dollar currency for oil trading. This is very disturbing, not only because I happen to work in the Oil and Gas industry for an international company but the ripple effect of an already fragile economic system. The fact that a United Kingdom news source reported this instead of a USA news source is upsetting as well, but that's a whole seperate story. Should be interesting indeed. I just might start buying Gold and Gold stocks

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