Iran's oil stock exchange will be launched in the next week

[TRUTH]

Tehran, April 26 - 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.

He rejected a statement attributed to him saying that Oil Stock Exchange will bring to the ground the US economy and said, "I don't know who has speculated that I've not talked about US economy." Asked about conference on energy in Doha, he said that more than 60 countries and 30 oil companies and consultants took part in the conference.

Vaziri Hamaneh said that serious discussions were held including security of supply and demand, security of investment in energy and environment issues.


http://www.iribnews.ir/Full_en.asp?news_id=212013&n=32

[markburdge]

Don't underestimate how important this subject is.
I am a currency trader by profession, so I have taken a special interest in this.

The proposed oil bourse which will price oil in Euros rather than dollars has the US terrified.
It is one of the main reasons they are 'going after' Iran.

All of the European countries (except England), the Chinese, Russians and South Americans will prefer to use Euros to buy oil.

This will only leave the US, Britain and the Gulf states likely to continue buying oil in Dollars.

The knock on effect for the US Dollar will be immense.

The Euro will quickly become a reserve currency of choice for many and the dollar will decline to levels not seen for a long time.

Although I hate the US administration and I will make a lot of money out of this, it is not all good news though.
If the US economy goes into a steep decline due the copst od servicing their enormous deficit, the whole world could be dragged down into a very deep recession.

The decline in the dollar has already started, but it has a long way to go.

How to prosper: Go long Eur/Usd or GBP/Usd and you will make a killing that will offset other economic downsides.

The USA is about to find out that they will only be the world's super power for a little longer. (unless they can stop Iran)

[Dog]

So what's the bottom line here, Burge?

Are you suggesting that tactical military strikes against Iran are a forgone conclusion?

I was formerly in procurement at Esso Fawley (Hampshire) though the financial rammifications of policy did then, and do now, escape me.

Can I ask for greater simplification?

Thanks

[markburdge]

Hi George,

I think the bottom line is this:

9/11 was about giving the US a 'new pearl harbour' so that they could:

1/ go into Afghanistan and secure the gas pipeline from the Caspian Sea.
2/ go into Iraq to secure the oil supply and stop Saddam Husseain demanding Euros for his oil rather than dollars.
3/ Stop Iran for opening a Euro based oil bourse by claiming that they are a nuclear threat.

this is all part of the project for a new american century.

worth looking out for as well:

President Chavaz of Venezuela is one of the next targets. they have alreasy attempted and failed to overthrow him in a coup 2 years ago.
Why? - Oil: Venzuelan oil has become cost effective to produce at the current high prices. In fact, if the price remains at these levels, Venezuela has the largest oild stock in the world.

(+ Chavaz hates America and has commissioned a 9/11 investrigation)

That's as simple as I can make it!!!!

[Dog]

Simple enough!!

Thanks Mark...

I was somewhat intrigued, momentarily, re; the suggestion of how to make a killing...

Then you started to talk about going long Eur/USD or GBP/USD and I got sorta glazed.

I got outta the oil business and have recently developed "something of an agricultural gait", apparently.

Suits me, Sir.