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The Implications of the opening of Iran's Oil Bourse »

Posted by: berkeley 1 year, 9 months ago

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The trading of oil for the Euro instead of US dollars is an extremely important historical precedent set by Iraq that must be understood to fully grasp the implications of Iran's announcement in December of 2006 that they would "use Euro instead of US dollar in (their) next year's budget."

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berkeley

If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public ...

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Comments: 13

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ETproductions
March 9, 2008, 1:02 a.m.
Excellent article that should be required viewing for every American who endorses the lunacy of the Bush Administration and the American imperialism that set the stage for it.
Bush invaded Iraq to grab the oil. Not just Iraqi oil, but to have a permanent military bas in the heart of OPEC from which to get "Our" oil. How's it working for us? Oil has gone from $26 a barrel to $104 under his watch.
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jordan11
March 9, 2008, 1:58 a.m.
Well, after half a century factions in the ME are rising against us. And we're approaching the threat like naive' children. Maybe that's what we are. Until seven years ago, I knew very little about the world and our place in it. I hadn't even bothered to take the time to understand Iran/Contra fully. It's hard. Not that I'm making excuses for my self imposed ignorance, but because there are a myriad of perceptions to sort through, & then the task of coming to a critically analyzed conclusion. But on this issue the only conclusion I can reach is that our policy in the ME led us to 9/11. Doesn't have a thing to do with our 'enemies' hating our freedom. But it's a good enough explanation for a nation that's so naive'.
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cowboygrandpa
March 9, 2008, 5:04 a.m.
I can't believe the American people haven't gone completely apesh*t over all this crap.
Bush has truly screwed us over and we may never recover.
The American policy of war to get oil and try to keep the US dollar as the primary monetary measuring unit has backfired just like most of the Republican ploys.
We should have stuck with mfg.
Bunch of dumb jackas*es.