Andy's Christmas Present- Dollar Toilet Roll

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www.stellarartwars.co.uk Petrodollar From Wikipedia, the free encyclopedia It has been suggested that this article be merged into Petrocurrency. (Discuss) Proposed since July 2014. TAFI star This is Wikipedia's current article for improvement – and you can help edit it! You can discuss how to improve it on its talk page and ask questions at the help desk or Teahouse. See the cheatsheet, tutorial, editing help and FAQ for additional information. Editors are encouraged to create a Wikipedia account and place this article on their watchlist. [hide]This article has multiple issues. Please help improve it or discuss these issues on the talk page. This article needs additional citations for verification. (April 2014) This article's lead section may not adequately summarize key points of its contents. (November 2015) Oil prices, 1861–2011 (1861–1944 averaged US crude oil, 1945–1983 Arabian Light, 1984–2011 Brent). Red line adjusted for inflation, blue not adjusted. Due to exchange rate fluctuations, the red line represents the price experience of U.S. consumers only (linear graph). Petrodollar refers to United States dollars earned through exports of petroleum (crude oil) by oil exporting countries.[1] Contents [hide] 1 Origin 2 Petrodollars 3 Financial impact 4 Shale oil boom 5 Alternative meanings 6 See also 7 References 8 Further reading Origin[edit] United States being the largest importer of crude oil, the world oil market has been priced in United States dollars since the end of World War II.[2] International oil prices were based on discounts or premiums relative to that for oil in the Gulf of Mexico.[3] But, although oil sales prior to 1973 were denominated in U.S. dollars, nothing precluded settlement in local currency. After the Bretton Woods conference in the year 1944, UK and its allies discontinued linking their currencies with gold but recognised US$ as reserve currency which was still pegged with gold. USA was following gold standard to benchmark at 35 US$/oz from 1941 to 1971. In reality, the dollar was not worth that much gold due to inflation by 1971. In view of other countries particularly France, started tendering US$ to encash in gold, then President Nixon unilaterally cancelled the convertibility of US$ to gold at a fixed rate and allowed US$ value to float against gold. In the absence of fixed value convertibility in gold and high inflation, US$ exchange rate had been falling due to less demand of US$ abroad.[4] In October 1973, OPEC declared an oil embargo in response to the United States' and Western Europe's support of Israel in the Yom Kippur War, and this tension (and the new power of OPEC) led to fear that the dollar would become insignificant in the oil trade. Dollar (band) From Wikipedia, the free encyclopedia Dollar Origin UK Genres Pop, synthpop, new wave[1] Years active 1978–1983, 1986–1988, occasional reunions Labels Carrere, WEA, Arista Website dollarsite.co.uk Members Thereza Bazar David Van Day Dollar were a pop vocal duo from the UK, consisting of David Van Day and Canadian-born Thereza Bazar. The duo were successful in the late 1970s and 1980s, achieving ten UK top 40 singles, including the top ten hits "Love's Gotta Hold on Me" (1979), "I Wanna Hold Your Hand" (1979), "Mirror Mirror" (1981), "Give Me Back My Heart" (1982) and "O L'amour" (1987). Contents [hide] 1 Formation 2 Career 2.1 1970s and 1980s 2.2 Split and reformation 2.3 2000s 3 Discography 3.1 Albums 3.2 Singles 4 References 5 External links Formation[edit] Thereza Bazar and David Van Day met at 17 when they successfully auditioned for the cabaret act Guys 'n' Dolls. The group enjoyed a number of hit singles in the mid-1970s and during this time Van Day became romantically involved with Bazar. By 1977, the group was in decline and the pair complained about the choice of material and musical direction.[2] Van Day decided to quit the band to embark on a solo career while Bazar would continue with Guys n' Dolls to earn a living for them both. The group's management were unhappy with the situation and sacked Bazar with the reasoning that a six-piece group consisting of three couples would now look odd with five members.[3] With the change in circumstances, the pair decided to begin a career as a duo. They were picked up by French label Carrere Records, going under the name Dollar.