Reply #10: This is no doubt intriguing

[Mike03]

There has been an intensification of numerous rumors regarding oil production and currencies for the past month.

Saudi Arabia wants us to believe that their fields are in worse shape than they have previously reported to our auditors.

There continue to be rumors (which have circulated for three years or more) that OPEC nations want the right to sell oil in some currency other than U.S. denominated dollars.

Then on the other side, there is another rumor that we have a deal with Saudi Arabia to protect the leadership in that nation from a revolt so long as they continue to press the issue that the U.S. dollar remain the world's reserve currency. If the Sauds were to abandon the dollar, that would pretty much make the Euro the world's reserve currency.

But, as the OP says, these are a series of rumors.