Iran oil bourse to open February 17

[Javaman]

(and so it goes. when to the bombs start dropping?)

http://www.energybulletin.net/40371.html

Iran launches oil bourse
Oxford Analytica
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.

[End Of The Road]

1. I've been reading about the Iranian oil bourse for years

And it's opening has been put off so many times that when you said "Feb 17th" I thought "what year"?!

In spite of reading so much about it, though, I'm still unclear about its affects on the USD. There seems to be two schools of thoughts (1: will kill us; 2: won't hurt us at all) and my knowledge of economics isn't strong enough to figure it out. It's not straightforward, that's for sure.