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<p>[QUOTE="medoraman, post: 1956023, member: 26302"]Good information on the AACM's, I appreciate it. I disagree with your statement about peak oil in 2004 though. Did you know the US is soon going to be producing the most oil in our history, even though our traditional peak was in the 70's? Technology can literally destroy peak theories, and we are witnessing just that right now. I actually view it the other way. I believe our soon to be achieve energy independence will put pressure on the dollar as the reserve currency. With the US not buying any oil overseas, why should those transactions be denominated in dollars? Why not Euros or Yuan instead? Those will be the currencies OPEC will actually be receiving for their oil.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1956023, member: 26302"]Good information on the AACM's, I appreciate it. I disagree with your statement about peak oil in 2004 though. Did you know the US is soon going to be producing the most oil in our history, even though our traditional peak was in the 70's? Technology can literally destroy peak theories, and we are witnessing just that right now. I actually view it the other way. I believe our soon to be achieve energy independence will put pressure on the dollar as the reserve currency. With the US not buying any oil overseas, why should those transactions be denominated in dollars? Why not Euros or Yuan instead? Those will be the currencies OPEC will actually be receiving for their oil.[/QUOTE]
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