Declining American Dollar Damages Foreign Policy

| Total Words: 511

Saudi Arabia and the United States have been friends for some time. To the average public within the country most Americans view Saudi Arabia as sponsors of terror citing the countries Muslim background. However, Saudi Arabia regularly supports the United States and has done so again in the last round of OPEC meetings.

Venezuela and Iran wanted to open discussions about valuing oil against a new currency standard then the dollar. They were hoping the move would be symbolic that the world should move away from seeing the United States as a leader and move towards some other supper power like China or the European Union.

The 12 member OPEC dignitaries flew into Riyadh and Saudi police and helicopter blocked roads, and protected the sky with helicopters and the dignitaries made it to their place of residency. The meeting was called to discuss oil exports and the cost of oil. In addition, the meet is to ponder ways of reducing emissions.

A secret broadcast came around which showed that Venezuela and Iran were behind the move to change how oil is priced into another currency. Venezuelan representative Angelas de Morais stated, The weakness of the dollar is...

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