Iran oil bourse scheduled

[Javaman]

(I thought this deserved it's own thread)

Remember last week when all the internet service was cut off in various counties in the middle east? Included IRAN? Coincidence? I think not.

Get a load of this...

Iran oil bourse scheduled
by Staff

EB reader BB writes:
Iran was scheduled to inaugurate its Oil Bourse this coming week.

That probably isn't going to happen because all internet access in Iran was cut over the weekend (the undersea cables were chopped). This was mentioned on Wikipedia for a day... 3167788but now the article links and coverage have disappeared.

Iran is in total internet blackout at the moment. Any further information is appreciated.


http://www.energybulletin.net/39844.html

Here's a link to a discussion on another thread regarding "ships did not cause the internet cable damage".

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=3167788&mesg_id=3167788

[ursi]

1. yep, I posted that last night ...the opening of the bourse/exchange was going to harm the US dollar

http://journals.democraticunderground.com/ursi/3

Such a coincidence!


Iran Oil Bourse to deal blow to dollar
Posted by ursi in General Discussion
Sun Feb 03rd 2008, 07:31 PM
Source: PressTV


The long-awaited Iranian Oil Bourse, a place for trading oil, petrochemicals and gas in various non-dollar currencies, will soon open.

Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest.

"All preparations have been made to launch the bourse; it will open during the Ten-Day Dawn (the ceremonies marking the victory of the 1979 Islamic Revolution in Iran)," he said.


Read more: http://www.presstv.ir/detail.aspx?id=37468...


Is this why those internet cables were cut in the last few days? To stop Iran from opening their oil bourse? The timing is sure uncanny.

snip...

EB reader BB writes:
Iran was scheduled to inaugurate its Oil Bourse this coming week.

That probably isn't going to happen because all internet access in Iran was cut over the weekend (the undersea cables were chopped). This was mentioned on Wikipedia for a day... but now the article links and coverage have disappeared.

Iran is in total internet blackout at the moment. Any further information is appreciated.

snip...

http://www.energybulletin.net/39844.html

Look at this internet traffic report chart. Iran has ZERO activity!

http://www.internettrafficreport.com/asia....
Discuss (27 comments) | Recommend (22 votes) | Remove from Journal | Edit intro

[Javaman]

2. What got me piqued about this was the another thread I just read...

regarding: "ships did not cause internet cable damage"

I just included the link to that thread on edit to my OP.

[JohnyCanuck]

3. Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse

Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse

by William Clark


“This notion that the United States is getting ready to attack Iran is simply ridiculous...Having said that, all options are on the table.”
– President George W. Bush, February 2005



Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions, and likely include a proposed Iranian “petroeuro” system for oil trade.

Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to U.S. dollar supremacy from the euro as an alternative oil transaction currency.

It is now obvious the invasion of Iraq had less to do with any threat from Saddam’s long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain the U.S. dollar as the monopoly currency for the critical international oil market. Throughout 2004 information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.<1><2>

Candidly stated, ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. government in Iraq, establish multiple U.S military bases before the onset of global Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency (i.e. “petroeuro”).<3> However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.

http://www.energybulletin.net/7707.html

The author of the above article, William Clark, also has published a book entitled "Petrodollar Warfare; Oil, Iraq and the Future of the Dollar"

Petrodollar Warfare
Oil, Iraq and the Future of the Dollar
William R. Clark

The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9-11 terrorism or Iraq's alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production, and the ascendance of the euro currency.

Energy analysts agree that world oil supplies are about to peak, after which there will be a steady decline in supplies of oil. Iraq, possessing the world's second largest oil reserves, was therefore already a target of U.S. geostrategic interests. Together with the fact that Iraq had switched its oil export currency to euros -- rather than U.S. dollars -- the Bush administration's unreported aim was to prevent further OPEC momentum in favor of the euro as an alternative oil transaction currency standard.

Meticulously researched, Petrodollar Warfare examines U.S. dollar hegemony and the unsustainable macroeconomics of 'petrodollar recycling,' pointing out that the issues underlying the Iraq war also apply to geopolitical tensions between the U.S. and other countries including the European Union (E.U.), Iran, Venezuela, and Russia. The author warns that without changing course, the American Experiment will end the way all empires end with military over-extension and subsequent economic decline. He recommends the multilateral pursuit of both energy and monetary reforms within a United Nations framework to create a more balanced global energy and monetary system thereby reducing the possibility of future oil-depletion and oil currency-related warfare.

http://www.petrodollarwarfare.com

[Viva_La_Revolution]

4. Iran still has Internet...

http://uruknet.info/?p=m40834&s1=h1
Let me repeat, Iran is not disconnected from the Internet!

We have gotten a few queries about why we did not highlight Iran in our review of the network outages that resulted from the cable breaks. (See here, here and here.) Like most countries in the region, the outages in Iran were very significant, but for the most part they did not exceed 20% of their total number of networks. Now 20% is a significant loss, but in the context of an event where countries lost almost all of their connectivity, such a loss did not place Iran into the top 10 of impacted countries. So we focused most of our attention where the losses where the highest.

But then there was this Slashdot posting, claiming Iran had zero connectivity. This was news to us. It's said that "the first casualty of war is truth." Something similar can probably be said with regard to catastrophic failures. Truth might not be first, but it is a very close second. Journalists are pushed to meet deadlines for stories about topics for which they have little familiarity, and technical experts sometimes jump to conclusions on the basis of little evidence. It's not hard to see why the truth gets distorted; it's hard to think clearly when you believe the sky is falling.

The Slashdot claim was made since a web page at the Internet Traffic Report was reporting that the country was down. This report seems to be based on pings to a single router in Iran from multiple places around the world, which at best only indicates that one router in Iran is unavailable, not that the entire Internet has ceased to function there. Of course, once something ends up "in print", it tends to gain credibility and then be referenced by others. And before long, large numbers of people think it is actually true. (For a detailed ping analysis to the region during the outage, see this article.)

To understand what happened in Iran after the fiber cuts, we looked at actual routing data for the country, collected from around the globe. You can say with absolute certainty that if a provider does not have a route to any network in Iran, then no traffic will flow from that provider or its customers to Iran. But that is all you can say. The problem could be with the provider. That is why Renesys collects routes from a carefully selected set of peers around the world. If none of them know how to get to Iran, then you can be assured that Iran is truly off the air. Note that you have to be careful here with your selection of peers. If all of them end up traversing the same cable to get to Iran, even when other options exist, then the problem could be only with that cable and nothing more. To make a definitive statement about the worldwide reachability of any geography, you need to collect data from a diverse and at least somewhat independent set of peers so that you'll see all paths into the area. When the overwhelming majority of them have the same view of a situation, then you can conclude that the view is almost certainly correct for the entire world.