Oil and USA dollar problem for USA covid 19 New oil

[thienlonghue]

Petroldollar empire is in decline period. If FED keep print dollar from nowhere, US dollar will devaluation till it reach bottom. I don't think Covid-19 vaccine is a good for baking up dollar because many contries are research it and they have achieved certain success.
The best thing to do to keep petroldollar of US government is prevent Russia, Iran and Venezuela from trading petrol without dollar and buy as much gold as they can.

[jaysabi]

But this covid vaccasines is not for ever so at some point demand Will end.... The USA need new thing then what the whole world will need from them?  Oil might not be since OPEC use euro and Russian rubles currency!

USA is exporting more food and beverages than they do oil and the world is changing as we will be migrating to cleaner energy in the near future and we might not need oil in the next 10 to 20 years as all the vehicles will be migrating to electric and we will use much lesser oil. Another big selling point is their aircraft manufacturing sector as well as the weapons sector and then the Pharmaceutical industry.

Experts say the future will be in gas-powered vehicles. Gas engines are more environmentally friendly and the combustion of gas produces fewer harmful substances to the atmosphere. In colder climates, battery life is greatly reduced and therefore requires expensive equipment to recharge vehicles. Now in the world electric cars are less than 1%, but what will happen when the number increases to 20-30%?

I'm not convinced of this at all, and I'm invested in a company that produces LNG and CNG for vehicles, so I would love for natural gas to have a bigger future for vehicles. Unfortunately, I just don't see it happening. The future will be electric. There is almost no market for passenger cars to use natural gas. The future is electric for sure. Natural gas is cheaper and cleaner than diesel, and just about the only types of vehicles that use it are heavy duty trucks. Due to battery range limitations, this may be the only advantage it has over electricity for trucking, but if we get big advancements in battery range this will be a big a big threat to the only place that natural gas is currently used.

[sana54210]

Weird thing is, when companies start to pump up covid vaccines like candy when they are ready and spreading it all over the world, they will charge the highest prices in USA for sure and that will not help USA but hurt them like crazy. These pharma companies have corporations in many different nations so that means if they sell you a vaccine in Germany they pay taxes to Germany, if they sell it in USA they pay taxes in USA, if they sell it in nation X they will pay it at nation X and so forth.

These mean combine the fact that it will be cheap everywhere else and pay taxes there and it will be expensive in USA and hurt peoples economies there (this is the same nation that has people who can't even afford insulin which is free in almost everywhere) I think it will hurt USA more than it helps them.

[wxa7115]

But this covid vaccasines is not for ever so at some point demand Will end.... The USA need new thing then what the whole world will need from them?  Oil might not be since OPEC use euro and Russian rubles currency!

USA is exporting more food and beverages than they do oil and the world is changing as we will be migrating to cleaner energy in the near future and we might not need oil in the next 10 to 20 years as all the vehicles will be migrating to electric and we will use much lesser oil. Another big selling point is their aircraft manufacturing sector as well as the weapons sector and then the Pharmaceutical industry.

Experts say the future will be in gas-powered vehicles. Gas engines are more environmentally friendly and the combustion of gas produces fewer harmful substances to the atmosphere. In colder climates, battery life is greatly reduced and therefore requires expensive equipment to recharge vehicles. Now in the world electric cars are less than 1%, but what will happen when the number increases to 20-30%?

As far as I know electric cars require a great deal of rare materials, if true, can electric cars become cheap enough for the average person to buy taking into account how rare those materials are? Do we have even enough material to create that many cars? Those are valid questions in my opinion, I will love for the current technology that cars use to be replaced by something more friendly to the environment but despite all the promises it doesn't seem as if it is going to happen that soon.

Besides experts are too positive when they make their predictions after all we need to take into account that many people are not going to have the money to replace their cars with new ones even if they have a better performance.