Iran Video Bar
Wednesday, April 26, 2006
Iran's Euro Oil Exchange to open next week
Oil Minister Kazem Vaziri Hamaneh said on Wednesday that the establishment of Oil Stock Exchange is in its final stage and the bourse will be launched in Iran in the next week. ... He told reporters, upon arrival from Qatar where he attended the 10th General Assembly of International Energy Agency and consultations with OPEC member states, that registration of the Oil Stock Exchange is underway and the entity will operate after being approved by by Council of Stock Exchange.
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6 comments:
This is really good news. As soon as American dollar displaced then world gets to be better place.
I agree that the corrupt dollar has held the markets for so long now and another form of exchange for oil is needed - the outcome of this is: world-wide economic collapse - certainly for many countries - are we prepared for it? Can we feed ourselves in the UK? War - inevitable and the possibility of the Euro becoming the 'global' economy? Maybe this has been planned for a long time - when the dollar is trashed will there then be some sort of 'global' economy? This would mean more 'globalisation' - we need a gold based currency to put wealth ack into the economy - it is coming soon but do we have time????
I live in the US. I know that a drift away from the dollar will mean a less affluent life for me presonally. But a more humble lifestyle is what the US needs because it has been way too arrogant for way too long. The US can only be hurt by emptying its pockets. Militarily it is too strong...at least for now.
Yes. Think this is good news too. USA shows that they can not controll their powers. That is a sad and scary thing really. My own country, Norway, produce a lot of oil. Guess our oil will be nominated in euros sooner or later. Please do not nuke us.
To Anonomous:
If you think that it's a GOOD thing that the dollar is no longer the world's reserve currency, let me ask you; how do you like 'high inflation' and than 'depression'? That's what will happen if the dollar looses the place as the reserve currency for global trading! You obviously don't understand much about world economics, otherwise you wouldn't make such ludicrious statements as you have here.
Pax,
acidqueenlee@gmail.com
acidqueenlee: You think that you understand world economics? Isn't that somewhat arrogant, bearing in mind that so many different schols of thought in "the dismal science" contend? No one understands wrold economics. The best anyone can can do is to make educated guesses. Many people (myself included) believe that it is high time the US dollar be seen for what it is: a virtually worthless fiat currency supported only by constant infusions of foreign investment and hiding a mountain of debt.
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