[DantesPeak]

Since early 2004, foreigners have paid the bill for higher energy prices in the US:

The Oil Paradox: How the Current Account Deficit has Buffered the Economy from the Energy Price Shockwave

[merecat]

Yes, an excellent article, thanks for the link.

It would seem that the bright positive image that America has carefully nurtured over all these years is being quickly forgotten when it comes to balancing the accounts. Other nations are simply tiring of carrying the financial burden. A dollar collapse due to US being energy poor is, I'm afraid, inevitable.

I'm sure all those playing the "Oil Shockwave" real world simulation are more than aware at the impending threat that the dollar faces.

[julianj]

Very interesting article. Explained a lot.