Iran’s Oil Bourse Set to Open Sunday
Iranian Oil minister Gholamhossein Nozari has confirmed to Iranian news outlets that the long awaited oil bourse will begin trading in oil related products on Sunday February 17th. Just what “oil related products” means is not yet clear because few details have been released to the public.
What we do know is that the bourse (oil exchange) will be dealing in strictly rail, the Iranian currency. The guess is right now that the bourse, which is to be located on the gulf island of Kish, will open by trading in “oil products” and within a short amount of time begin dealing in crude. This comes at a time when Iran’s oil output is reaching levels not seen in Iran since 1979.
The fear in the United States in some economic circles is that the opening of this bourse could lead to a further decline of the U.S. dollar. The U.S. dollar is currently the international currency in the trading of crude oil, with all oil exchanges being located in the Western world, but the Iranian oil bourse would seek to change this fact. As long as the U.S. dollar is the only international currency that can be used in purchasing oil the dollar will remain relatively stable because it will be in demand to purchase oil, if for no other reason. Therefore, countries such as Saudi Arabia are forced to accept the dollar for the sale of their crude and countries such as China and India are forced to keep the dollar on hand to purchase oil. Since the dollar has now fallen below the value of the Euro the opening of the Iranian Oil Bourse would remove one of the last remaining incentives for nations to hold onto the United States dollar. Some even go as far as to speculate this looming opening of the oil bourse being a reason for the harsh rhetoric Washington has used in the recent past towards Iran.
All of this however is only speculation at this point. Iran has repeatedly scheduled dates for the opening of an oil exchange only to push the opening back to a later date. The bourse’s success also hinges on whether or not other Persian Gulf nations as well as OPEC members sign on and become involved in the exchange.
Comment by Shaun on 14 February 2008:
I would be curious to hear if you feel like this is something to keep an eye on or if you think it is no big deal. Let me know in the comments below.
Comment by Tony Ryan on 14 February 2008:
Watch Pakistan and the border space between the Plateau of Iran and the Hindu Kush for US interests to emerge. This will put Iran in real perspective.
Comment by Gene on 15 February 2008:
If the media plays a blind eye to it, it’s indeed a big deal…
Comment by toby on 15 February 2008:
gene ignore the media.they focus on the nuclear issue.in fact this is just a cover story for stopping the bourse.
Comment by Bonny on 15 February 2008:
Tony, please elaborate on what could happen in the border space between the Plateau of Iran and the Hindu Kush. Why will what happens there put Iran in real perspective?
Sorry to be dense. But your comment somehow send chills up my spine. I’d like to understand this better.
Comment by evergreen2U on 15 February 2008:
I think this is perhaps a VERY big thing that has already influenced actions, and will influence more in the future…along with potential economic downturn.
Note what happened to Saddam after his 2000 claim he would change from dollars to Euros.
Also note the unprecedented cutting of 4-8 fiberoptic cables that primarily affected Iranian communications at the beginning of Feb. That was not anchor dragging in multiple places in the same time frame.
Comment by War Slayer on 17 February 2008:
Gene…my thoughts exactly.
Comment by TOETOE on 25 June 2010:
welcome to the jordan shoes world on http://www.toetoeshoes.com
authentic jordan shoes
authentic air jordans
rare jordans
cheap
good quatity
hot
to get one you like
Buy Jordan shoes here you will enjoy the feeling of home away from home
Comment by nike dunk on 8 July 2010:
Spring 2011Air Jordan I may be almost a year away, but that doesn’t prevent us from getting looks at[url=http://www.tradeshoes9.com/product_215.html]wholesale jordan shoes [/url] the release set to hit store during that time. The latest preview comes courtesy of the New Balance 1500. The line will be constructed at the Flimby plant and will all infuse grey into their[url=http://www.tradeshoes9.com/product_258.html]wholesale nike dunks[/url] separate colorways. Material wise, the sneakers manage to sneak in mesh, nubuck and 3M on the fan favorite profile. New Balance is the only athletic shoe company still producing in the US today. Out of there Skowhegan, Maine plant comes the New Balance 998cheap wholesale shoes and 996.Both models are constructed of suede, mesh and leather and retain the classic New Balance runner silhouette. The 996 sports a carbon rubber outsole provides long-wearing Jordandurability and a lightly padded footbed for added comfort and support. The 996 comes in various colorways, but is shown here in navy with grey and red highlights. The 998 sports the special ABZORB® material, which offers excellent cushioning and compression set properties. A blend of DuPont™ Engage® Isoprene rubber and wholesale air maxproprietary materials provides the ultimate ride. Also offered in various colorways, the 998 is shown here in charcoal grey with navy blue and red highlights.
Comment by leather handbags on 5 August 2010:
We specialized on laptop battery and laptop ac adapter for all major brand laptop. All of our laptop batteries and dell ac adapter comes with 1 full year warranty. All of our laptop battery are new and we don’t sell refurbished laptop battery, we also guarantee that we use premium grade A battery cell for our battery, this is why we can supply 1 full year warranty for our laptop batteries. toshiba laptop battery, hp laptop battery, gateway laptop battery, sony laptop battery are all our hot products. If you are interesting, please contact us.leather handbags and fashion handbags and many good usb phone, aluminum briefcase, aluminum cosmetic case, aluminum gun case, aluminum laptop case, aluminum makeup case, aluminum tool case, aluminum train case.
Comment by nike on 20 August 2010:
Women in summer would like to become beautiful. Everything can grab other’s eyes is their best friends.Products make them beauty and confident is their favourite. Look in the street,you can see many different types of make up to show women’s personality.
Welcome to the shop, the following is our products, free shipping.
Soccer ShoesCheap Soccer ShoesNike Soccer ShoesAdidas Soccer ShoesNike Soccer Shoes saleAdidas Soccer Shoes saleUGGUGGsUGG BootUGG BootsUGG Boots SaleCheap UGG BootsUGG Boots CheapWomen UGG bootsugg boots cardyugg cardy bootsNike AirNike Air MaxNike Air Max ShoesNike SBNike DunkNike Dunk SBNike Dunk SB ShoesNike Shox Nike Shox ShoesTimberlandTimberland saleTimberland bootsTimberland boots onlineTimberland on saleNew timberland bootsWomen BagsWomen Bags SaleWomen HandbagsWomen Handbags SaleWomen New BagsCheap BagsCheap Bags On SaleUGGUGG bootsUGG boots saleUGG boots shortShort uggShort ugg bootsUgg boots tallNew women bagsNew women bags saleNew women bags sale onlineLouis Vuitton HandbagsGucci bagsNikeNike ShoesNike Shoes SaleNike runningNike running shoesNike trainersNike trainers shoesTimberlandTimberland bootsTimberland boots saleTimberland bootTimberland boot saleTimberland boots cheapMen timberlandsMBTMBT ShoesMBT Chapa GTXMBT Men ShoesMBT Women ShoesDiscount MBT ShoesLV HandbagsGucci HandbagsChanel HandbagsChloe HandbagsD&G HandbagsDior HandbagsFendi HandbagsHermes HandbagsJimmy Choo BagsMarc Jacobs BagsMiu Miu HandbagsMulberry BagsPrada HandbagsVersace HandbagsYves Saint LaurentBalenciaga BagsBurberry HandbagsLV HandbagsGucci HandbagsChanel HandbagsChloe HandbagsD&G HandbagsDior HandbagsFendi HandbagsHermes HandbagsJimmy Choo BagsMarc Jacobs BagsMiu Miu HandbagsMulberry BagsPrada HandbagsVersace HandbagsYves Saint LaurentBalenciaga BagsBurberry Handbags
Those who want to become most beautiful in the world should try them. Just ones can make you different. Girls who want to grab your boyfriends’s heart is necessary to use them.
Comment by nike air max 2009 on 21 August 2010:
i agree with your point it very useful articles
Comment by nikesaleonline on 25 August 2010:
Product Category:
air force one shoes
air jordan shoes
air max shoes
supra shoes
basketball shoes
nike dunks
nike shox
nike air force ones
cheap air force ones shoes
discount air force one
cheap air jordan
discount air jordan
cheap air max
discount air max
cheap nike dunks
discount nike dunk
cheap nike shox shoes
discount nike shox shoes
cheap alife shoes
discount alife shoes
cheap supra shoes
discount supra shoes
http://www.nikesaleonline.com
Comment by nikesaleonline on 25 August 2010:
Product Category:
air force one shoes
air jordan shoes
air max shoes
basketball shoes
nike dunks
nike shox
nike air force ones
cheap air force ones shoes
discount air force one
cheap air jordan
discount air jordan
cheap air max
discount air max
cheap nike dunks
discount nike dunk
cheap nike shox shoes
discount nike shox shoes
cheap alife shoes
discount alife shoes
cheap supra shoes
discount supra shoes
http://www.nikesaleonline.com
Comment by gucci mens on 29 August 2010:
Well , the view of the passage is totally [url=http://www.1921gucci.com/gucci-jeans-c26/]discount gucci jeans[url] correct ,your details is really reasonable and you [url=http://www.1921gucci.com/]gucci mens[url] guy give us valuable informative post, I totally agree [url=http://www.1921gucci.com/gucci-hoodies-c38/]discount gucci hoodies[url] the standpoint of upstairs. [url=http://www.1921gucci.com/gucci-belts-c25/]gucci belt for men[url] I often surfing on this [url=http://www.1921gucci.com/gucci-wallets-c28/]classic gucci wallets[url] forum when I m free and I find there are so much good information we can learn in this forum!
Comment by nike air max 2009 on 29 August 2010:
http://www.airmaxnikeshoes.com
Comment by Camcorder billig on 31 August 2010:
Efox-shop Grosshandel Tablet Laptop, Tablet PC, und Touchscreen Tablet Laptop in http://www.efox-shop.com/dc-camcorder-c-133.html
Efox-shop GrosshandelCamcorder billig, Handy ohne Vertrag, Handy ohne Simlock，Sciphones i68, Touchscreen Handys und Handy Zubeh?re von Elektronik- Grosshandel in http://www.efox-shop.com/dc-camcorder-c-133.html
Comment by mbt athletic on 31 August 2010:
mbt shoe us
mbts us