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  • smart_investor67 smart_investor67 Jan 26, 2011 12:34 PM Flag

    by year 2035 president Obama wants 80% of energy from clean energy

    Oil is traded in dollars and it could be the only thing that is supporting the US dollar around the world. if another energy source is started to be used, this could bring the end of dollar faster. For this reason, Wall Street is attacking alternative energy companies, selling into every rally, naked shorting etc.

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    • all commodities are traded in dollars. this is why quantitative easing works for the usa and not other countries like japan.

      we can cause massive inflation in markets like china and india forcing them to reevaluate their currency. so it isn't a worry of the dollars value, but more so i think the stabilization of middle east they worried about.

      without american dollars being pumped into those countries they don't have a leg to stand on. however sooner or later their oil will be gone and this disruption will take place. i guess it is more so a thing of not under my watch is the mind set of the government now.

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