Jump to content
Sign in to follow this  
cessna

Little disappointed in Tom Buis

Recommended Posts

said Tom Buis, CEO of Growth Energy. “Ethanol is trading at about 75 cents a gallon cheaper than gasoline. We ought to be giving motorists here at home more choices at the pump. The choices are simple — stay chained to the whims of an Iranian strongman,

He should change Iranian to USA. Right now the USA has Iran embargoed and won't let them clear oil transactions that are supposed to be based on US dollars through New York.

“Since the Iranians apparently can’t clear deposits through New York, where international dollar trades clear, they’ve made a very commonsense move to cut the US out of the middle and sell their oil directly to India, without using dollars” “Iran isn’t going to want bushels and bushels of rupiah or yen or whatever. I think the odds favor them turning to gold. It’s said that’s one of the means of payment the Indians will be using.” “Gold is the logical choice and the next step in the demise of the US dollar as the world’s reserve currency. There’s a lot of demand for the dollar to buy and sell oil. If countries stop using it, demand for the dollar would fall, at the very time the US is greatly increasing the supply of dollars. The day is coming when trillions of dollars outside the US will only be spendable inside the US. At that point it’s game over for the dollar.”

In a way, I hope it happens.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...