Friday, February 17, 2012

FT: Dollar bears in for shock if US cuts energy imports

Dollar bears in for shock if US cuts energy imports - FT.com

The future of the dollar is more likely to be determined in the shale gas and oilfields of Dakota and Texas than in the sovereign wealth funds of Asia and the Middle East. This is because striking new technological developments are set to transform America’s energy supplies, significantly improving the US balance of payments and the long-term outlook for the greenback.

Read the Balance of the article at Financial Times



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