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Laura

Iran To Trade Oil In Euros From Next Week.

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This was on GEI, http://www.greenenergyinvestors.com/index.php?showtopic=3845

The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

but the author has not provided a link to the source, yet; & googling didn't help.

This has been talked about before, but what do the cognoscenti here think?

Will it really happen?

(& please, no mention of the yellow metal for reasons totally connected with VI)

EDIT:- shocking grammar error

Edited by Laura

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This was on GEI, http://www.greenenergyinvestors.com/index.php?showtopic=3845

The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

but the author has not provided a link to the source, yet; & googling didn't help.

This has been talked about before, but what do the cognoscenti here think?

Will it really happen?

(& please, no mention of the yellow metal for reasons totally connected with VI)

EDIT:- shocking grammar error

That's what Saddam Hussein did just before we took our oil back. IIRC the Iranians are going to approve sales in a number of currencies.

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This has been going on for 4 years now, China are the biggest crude oil buyers, the USA cannot buy oil from Iran anyway under it's own sanctions. Meanwhile China argues against sanctions on Irans behalf every year.

The bank accounts have been frozen in the US for a year and now the EU, at some point the US will have to do something to avoid looking weak (i guess)

Sanctions won't work, possibly using Iraq to invade might.

Edit: for instance, Irans only friend on OPEC , Venezuala , who also dislike the US is selling oil to Spain in exchange for goods; plus

"Venezuelan President Hugo Chávez was in Russia to broker oil deals and buy $1 billion worth of weapons systems."

http://seattletimes.nwsource.com/html/nati...127_cuba25.html

Seems sanctions are not what they used to be.

Edited by maxwell

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Guest Steve Cook
This was on GEI, http://www.greenenergyinvestors.com/index.php?showtopic=3845

The Voice (issue 264 -) ran an article beginning, ' Iran has really gone and done it now. No, they haven't sent their first nuclear sub in to the Persian Gulf . They are about to launch something much more deadly -- next week the Iran Bourse will open to trade oil, not n dollars but in Euros' This apparently insignificant event has consequences far greater for the US people, indeed all for us all, than is imaginable.

but the author has not provided a link to the source, yet; & googling didn't help.

This has been talked about before, but what do the cognoscenti here think?

Will it really happen?

(& please, no mention of the yellow metal for reasons totally connected with VI)

EDIT:- shocking grammar error

If this is true, all of the dollarsa that are circulating in the world on the oil markets will have nowhere to go but home. In and of itself, this must surely cause a massive spike in dollar inflation.

Won't it?

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The unsustainable dollar bubble had to end some time.

To the victor,the spoils.

this ain't gonna be pretty.There has to be a reason why the saudi's haven't de-pegged from the dollar themselves.

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The Persians are a mountain people living in a very mountainous country. Its a tad more complicated to conquer (sorry liberate) than Iraq. Think Wales the size of Germany, France and Spain but with 70 million Welshman!

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The Persians are a mountain people living in a very mountainous country. Its a tad more complicated to conquer (sorry liberate) than Iraq. Think Wales the size of Germany, France and Spain but with 70 million Welshman!

70 million Welsh what a thought , they would never stop singing

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If this is true, all of the dollarsa that are circulating in the world on the oil markets will have nowhere to go but home. In and of itself, this must surely cause a massive spike in dollar inflation.

Won't it?

that is the whole point for people believing that america would invade to stop it.

if even a good percentage of oil money was converted to euros the dollar would take a massive fall.

it is all pretty serious for america.

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If this is true, all of the dollarsa that are circulating in the world on the oil markets will have nowhere to go but home. In and of itself, this must surely cause a massive spike in dollar inflation.

Inflation in the US is already at 11.2% using the pre 1983 method.

Now when a text book contains color pictures it is deemed to be of superior quality to the old one in black & white so the price is adjusted down. The student still has to buy it though at the same price. Perhaps one of the most egregious was switching to using a log scale to measure price changes. If something goes up 10%. ie 1.1, then the log is only 1.04 so a 4.1% rise is recorded. OF course this applies to reductions too, but then most everything is going up in price.

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The Persians are a mountain people living in a very mountainous country. Its a tad more complicated to conquer (sorry liberate) than Iraq. Think Wales the size of Germany, France and Spain but with 70 million Welshman!

It is also a very tribal country with several peoples currently living under the 'Iranian' banner and many of them would prefer to be lords of their manner.

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I believe it was in the press recently that the Iranian Oil Bourse is up and running and trading Euros for oil derivative products not crude oil itself. This has been in the pipeline (pun intended!) for ages and is certain to further weaken the $. IMO if there is a war with Iran and the US it will be by proxy through Israel.

Edited by warpig

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Every few months the Iranians say they are going to do this but don't.

I read that their new bourse was to be located on one of their Gulf islands and was to be completed in 2006, ready to trade in various currencies.

Have attempted to check on developments but I can find f*ck all about it. Where do you get your information?

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I believe it was in the press recently that the Iranian Oil Bourse is up and running and trading Euros for oil derivative products not crude oil itself. This has been in the pipeline (pun intended!) for ages and is certain to further weaken the $. IMO if there is a war with Iran and the US it will be by proxy through Israel.

Russia and China might have something to say about that.

Europe had better not pick a argument with Russia else we will all be cold this winter.

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Russia and China might have something to say about that.

Europe had better not pick a argument with Russia else we will all be cold this winter.

Mainland Europe is inclined to become very pro whichever ultra large country is parked alongside it.

Some of us burn locally harvested wood, & have many years supply....I'm pleased to say :)

Would Russia object to the Euro as reserve currency? - going ever so slightly offtopic

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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