<Econbrowser: The PR of POThe Oil DrumLOBG: Michael Economides>

10 comments on Two assignments for the evening...

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spooky on August 26, 2005 - 4:59am Permalink | Subthread | Parent | Comments top
Why do you asume that they will always revert and invest in the US??
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Jack on August 26, 2005 - 7:16am Permalink | Subthread | Parent | Comments top
I don't think anyone here is assuming that the investments will always revert to the dollar. In fact a partial basis of Ripley's concern appears to be that eventually they will not.

My point was that the reversion to investment in the dollar assets is what they have been doing. That is an investment choice and has nothing to do with the currency oil is priced in. Even if oil is priced and paid for in dollars, oil producing nations can convert and invest in Euro assets.

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