Thread: EURO vs USD
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Abou-Eddie
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Default 25th October 2008

Quote:
Originally Posted by J. Abizeid View Post
I fail to see how you can "obliterate" Arabs with oil at 50 Dollars when it costs anywhere between 6 to 8 dollars in the Gulf to extract it from the ground. After all, the level of 50 dollars was considered high only 2 years ago and Gulf states were doing very well even then. I see how it could severely affect their "extra cash", I understand that the plan is to weaken Arabs and rightfully so if you were to look at it from the US perspective but to take it that they will return them to "camel riders" is to say the least, unreasonable.
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