OPEC looking at how weak dollar affects the cartel's profits

Well, this bit of news will probably leave some people feeling shaken, not stirred. OPEC has announced that the group has set up a committee to look into how the weak U.S. dollar is affecting the cartel's earnings and to figure out if trading oil using a "currency basket" (a concept I just learned about) would be beneficial to OPEC. The committee will report on whether using the average value of a group of currencies (the basket) would be better than trading oil using dollars; details on which currencies might make it into the basket and when the report is due have not been announced. According to the AP, the two countries that have pushed the hardest for this move are Iran and Venezuela. Saudi Arabia is against it. For it's part, the U.S. is calling on the cartel to increase oil production. Apparently, to understand global politics in a nutshell, just look at OPEC.
[Source: AP]
Reader Comments (Page 1 of 1)
Domenick 9:14AM (11/19/2007)
Where do I find the Euro symbol on my keyboard? >_<
Reply
Nils 10:56AM (11/19/2007)
Alt Gr + e
Reply
Phil L. 11:41AM (11/19/2007)
I must admit I usually just find it someplace else and cut-n-paste.
But I was intrigued, so I did some checking...
What Nils suggests probably won't work on a US-defined keyboard. We don't get an "Alt Gr" key.
I was able to get Alt + 0128 to work - but pay attention: Hold the Alt key down, while entering "0128" with the keypad (the numeric keys at the top of my keyboard didn't work). Your mileage may vary.
See link below for specifics about the Euro symbol within different environments. US users should closely read note 2 at the bottom of the chart under "Keyboard Access":
http://www.microsoft.com/typography/EuroSymbolFAQ.mspx
Reply
mike baz 5:49PM (11/19/2007)
Saddam switched to the Euro, but seeing as the only thing holding up the value of the greenback is that OPEC oil can only be bought/sold using it, it was either teach Saddam a lesson or watch other OPEC members follow suit and have the U.S. Dollar collapse:( Then again maybe it was just the Weapons of Mass Distraction after all.
Reply
Domenick 9:24PM (11/19/2007)
The alt 0128 on my keypad worked.
Next, anyone know if the Amero has a symbol yet?
Reply
GreyFlcn 12:15PM (11/20/2007)
Alt + Ctrl + e also works.
Reply
Phil L. 6:49AM (11/20/2007)
Only the "proposed" one...
http://en.wikipedia.org/wiki/Amero
Reply
Phil L. 10:02AM (11/21/2007)
GreyFlcn -
On what keyboard? Alt + Ctrl + e doesn't work on my US-style keyboard.
Phil
Reply