Regarding this news:
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.
Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.
I have to suggest that we need a new Clean Green Jobs Initiative - We need govt support to open a solar panel factory in every city in the US. We need to give those factories contracts to produce solar panels to line the highways and produce electricity to run our govt buildings and streetlights, and charge cars while they're parked at the meter.
This will bring down the price of the panels to where residents can afford to purchase the panels for their homes, and then we'll have the distributed energy network that we need.
Replace Imported Oil and Coal fired plants with clean green electric.
Become the world leader in reducing emissions.
Create badly needed jobs.
Stimulate the economy.
Cheap power could do more for us than any transitory flood of dollars.