Iran's Oil Bourse
Posted: Wed May 23, 2012 8:29 am
Interesting paragraph I lifted from Chuck Butlers Daily Pfennig:
One of the anti-dollar investments… Oil… has really seen its price plunge, and that’s not surprising to me, given the dollar’s strength right now… You see, it’s all about the petrol-dollar… But what’s going to happen to the petrol-dollar next month when Iran opens its Oil Bourse, where Oil can be purchased with any currency, not just dollars? Well, maybe not right away, but should the Oil Bourse gain traction, it should be a real pain in the side of the dollar, and the U.S. I can tell you right now folks, that all the saber rattling with Iran is not truly about their nuclear capabilities… the reports I read, say Iran is 10 years away from a weapon of mass destruction… But you won’t hear the U.S. leaders say that, because they have to keep the focus on Iran’s nuclear capabilities… The real reason that all this saber rattling is going on, is that Iran is going to open this Oil Bourse…
Petrohawk
One of the anti-dollar investments… Oil… has really seen its price plunge, and that’s not surprising to me, given the dollar’s strength right now… You see, it’s all about the petrol-dollar… But what’s going to happen to the petrol-dollar next month when Iran opens its Oil Bourse, where Oil can be purchased with any currency, not just dollars? Well, maybe not right away, but should the Oil Bourse gain traction, it should be a real pain in the side of the dollar, and the U.S. I can tell you right now folks, that all the saber rattling with Iran is not truly about their nuclear capabilities… the reports I read, say Iran is 10 years away from a weapon of mass destruction… But you won’t hear the U.S. leaders say that, because they have to keep the focus on Iran’s nuclear capabilities… The real reason that all this saber rattling is going on, is that Iran is going to open this Oil Bourse…
Petrohawk