Most of the goods like crude oil are priced in US dollars though produced in middle east. Will it change?

What is the reason behind this. Will it change and if so when will american dollar begin losing its valueMost of the goods like crude oil are priced in US dollars though produced in middle east. Will it change?
Reason is that a lot of countries besides US use dollars for pricing.





Dollar been falling for past couple years, and Euro might replace it as the ';international'; currency.





India and China will not ';take over'; until their economy and politics become as stable as western ones, which will take at least 30 more years.


Most of the goods like crude oil are priced in US dollars though produced in middle east. Will it change?
All the oil exporting countries are experiencing strong inflation becasuse their foreign reserve based on USD has been growing and hence strongly impact by the devaluation of USD. If everyone gives up using USD, then compounding the US's double deficit will result in deep **** of the US economy. The US government will do everything in their power to stop that from happening including military response. An unproven rumor outthere is that Saddam ended up this way is because he is trying to stop using USD to trade oil .
The reason for the dollar pricing is that two of the major commodities exchanges are in the US. The price of oil is determined by the trading of oil ';futures'; on the commodities exchange.