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jpak Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-15-08 10:55 AM
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Iran launches oil bourse
http://www.oxan.com/worldnextweek/2008-02-14/Iranianoilbourselaunches.aspx

The long-delayed Iranian Oil Bourse (IOB) will start operations on Sunday, the official Iranian news agency IRNA said, citing the country's oil minister.

The exchange, based on the Gulf island of Kish, a free trade zone, opens with a whimper, rather than the promised roar. The IOB has long been touted by Iranian news agencies as a petrobourse for petroleum, petrochemicals and gas in various non-dollar currencies, primarily the euro, which would have a negative impact on the US economy and financial system. Yet trading will start on the bourse with two or three petrochemical products and Iranian rials will be used for all transactions.

<not much more>
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Peace Patriot Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-15-08 04:21 PM
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1. Hm-m. But the potential is there, and the Bush Junta has been prevented
from assaulting Iran, and grabbing control of that oil. So is this (the potential of this bourse) why we now see this...

"The Smart Way to Beat Tyrants Like Chávez," by Donald Rumsfeld, 12/1/07
http://www.washingtonpost.com/wp-dyn/content/article/2007/11/30/AR2007113001800.html

Oil War II: South America.

???
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