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Author	Topic: OPEC nations outpace foreign buyers of U.S. government debt	Post a Reply Back to Topics

kwmcbrid Veteran Author Iowa Posts:258 Points:1,146,560 Joined:May 2008	Message Posted: Mar 19, 2012 2:00:28 PM Ignore kwmcbrid Report Abuse Members of the Organization of Petroleum Exporting Countries are plowing cash into U.S. Treasuries at a more than 50 percent faster rate than all other foreign investors, an unintended benefit of oil prices above $100 a barrel, Bloomberg reported. Visit Des Moines Business Record Daily PM for full article

kwmcbrid

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Iowa

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Message Posted: Mar 19, 2012 2:00:28 PM

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Members of the Organization of Petroleum Exporting Countries are plowing cash into U.S. Treasuries at a more than 50 percent faster rate than all other foreign investors, an unintended benefit of oil prices above $100 a barrel, Bloomberg reported.
Visit Des Moines Business Record Daily PM for full article

REPLIES (newest first)Ignore Short Messages

feldos Champion Author Florida Posts:2,640 Points:550,500 Joined:May 2011	Message Posted: Mar 19, 2012 10:53:21 PM Ignore feldos Report Abuse I'm not seeing the benefit to us
davenles Champion Author Texas Posts:3,211 Points:721,585 Joined:May 2011	Message Posted: Mar 19, 2012 9:53:48 PM Ignore davenles Report Abuse Welcome to our debt.
Meowmy Champion Author Florida Posts:1,293 Points:349,605 Joined:Jan 2011	Message Posted: Mar 19, 2012 7:04:56 PM Ignore Meowmy Report Abuse They already 'own' us via oil prices.
northeast2 Champion Author New York Posts:3,849 Points:1,007,200 Joined:Mar 2008	Message Posted: Mar 19, 2012 6:37:57 PM Ignore northeast2 Report Abuse VomVom "They use money America spends on purchasing crude from them to buy US government bonds! Ironic!!" And where do you think the Chinese got their balance of trade cash to buy US Treasuries? From selling cheap manufactured goods to Arabs? "No Keystone XL means the US will continue to buy more from OPEC than if the pipeline would have gone ahead." This relies on the canard that the oil flowing through the Keystone XL would have dripped magically into gas stations in North Dakota. The refined product flowing back into Canada would have been sold into the world commodities market.
dhdiesel Veteran Author Riverside Posts:400 Points:44,800 Joined:Feb 2012	Message Posted: Mar 19, 2012 6:16:35 PM Ignore dhdiesel Report Abuse So now OPEC is investing in our debt as China slowly moves towards the exit. Good luck with that, OPEC. Haven't you noticed? The only thing the U.S. makes anymore are the largest budget deficits in world history.
edgarCA Champion Author Oakland Posts:1,581 Points:241,770 Joined:Jun 2009	Message Posted: Mar 19, 2012 6:14:53 PM Ignore edgarCA Report Abuse Another similar article posted on gasbuddy.
graceman Champion Author Baltimore Posts:4,968 Points:1,158,725 Joined:Jun 2008	Message Posted: Mar 19, 2012 5:34:23 PM Ignore graceman Report Abuse Yea and we are spending what they are paying.
VomVom Champion Author Calgary Posts:3,857 Points:1,627,080 Joined:May 2007	Message Posted: Mar 19, 2012 5:27:57 PM Ignore VomVom Report Abuse They use money America spends on purchasing crude from them to buy US government bonds! Ironic!! No Keystone XL means the US will continue to buy more from OPEC than if the pipeline would have gone ahead.
ktbaeohana Champion Author Las Vegas Posts:2,316 Points:423,950 Joined:Mar 2010	Message Posted: Mar 19, 2012 4:52:48 PM Ignore ktbaeohana Report Abuse Not good.
bandannaman Champion Author New Jersey Posts:1,849 Points:365,610 Joined:Dec 2010	Message Posted: Mar 19, 2012 4:31:23 PM Ignore bandannaman Report Abuse What todowith all that mula
PathfinderSC Champion Author South Carolina Posts:9,531 Points:1,833,565 Joined:Mar 2008	Message Posted: Mar 19, 2012 4:31:22 PM Ignore PathfinderSC Report Abuse My my what is this Country coming to?
LEGION57 Champion Author South Carolina Posts:1,676 Points:283,110 Joined:Mar 2011	Message Posted: Mar 19, 2012 3:36:54 PM Ignore LEGION57 Report Abuse They ave too much money and are burning it. Hope we burn them.
djwhit Champion Author Ohio Posts:3,027 Points:1,211,380 Joined:Jul 2009	Message Posted: Mar 19, 2012 3:21:03 PM Ignore djwhit Report Abuse YES, AND WE ARE PAYING FOR IT............
hornet17 Champion Author Vancouver Posts:1,323 Points:440,865 Joined:Aug 2011	Message Posted: Mar 19, 2012 3:13:45 PM Ignore hornet17 Report Abuse they have all the money, need a place to spend it I guess.
djwhit Champion Author Ohio Posts:3,027 Points:1,211,380 Joined:Jul 2009	Message Posted: Mar 19, 2012 3:10:00 PM Ignore djwhit Report Abuse WITH NO HELP FROM OBAMA............
amerk73 Champion Author Dallas Posts:7,060 Points:1,623,905 Joined:Oct 2008	Message Posted: Mar 19, 2012 2:57:25 PM Ignore amerk73 Report Abuse barrel should be back $60
TruthMatters Champion Author New Jersey Posts:2,525 Points:536,460 Joined:Oct 2011	Message Posted: Mar 19, 2012 2:55:15 PM Ignore TruthMatters Report Abuse All those debt will one day come back to bite us (if they haven't already)!
des7902 Veteran Author Virginia Posts:385 Points:212,240 Joined:May 2011	Message Posted: Mar 19, 2012 2:42:44 PM Ignore des7902 Report Abuse Can you speak arabic?
bicycler Champion Author Ontario Posts:14,815 Points:2,598,445 Joined:May 2005	Message Posted: Mar 19, 2012 2:13:14 PM Ignore bicycler Report Abuse wish I had some of that money y
portlandcat Champion Author Tennessee Posts:1,918 Points:346,210 Joined:Apr 2011	Message Posted: Mar 19, 2012 2:12:54 PM Ignore portlandcat Report Abuse great, now what if they call in those monies?
hibsaw Champion Author Mississippi Posts:8,057 Points:1,684,890 Joined:Feb 2008	Message Posted: Mar 19, 2012 2:06:22 PM Ignore hibsaw Report Abuse Why not? They have to spend that money somewhere.