The spot market trades in dollars, but it is possible for long term
contracts to be done in Euros.

There is the political angle to oil being sold in Euro's - hasn't Iran
threated to do it, although they haven't yet, it could be an empty
threat.

I don't think the fed will cut interest rates any more. Nearly all the
time, the cuts are done with a unanimous vote. At the last meeting,
there was dissent.

The US has a problem - on the one hand places like Cleveland are going
down the pad due to sun-prime, but on the other, inflation due to
oil.  I'd be siting on the fence if I was on the Fed's rate panel.

The cheap dollar hurts companies like Airbus,

I agree, it does indeed.

. And they are yelling, as well as the
Chinese, who have assets in dollars.

Didn't the Chinese sell a big load of dollars recently?   Chinese with
all those dollar assets is another story yet to pan out

Everything the Republicans  are in charge, we have these melt downs.

I agree wholeheartedly.

Now that everyone (besides me) as figured out that the gas price is largely due to the weak
dollar, there will be pressure not to weaken the dollar any more.- Hide quoted text -

If oil is traded in dollars, surely it doesn't matter what the dollar
trades at against other currencies?