The Proposed Iranian Oil Bourse
I already blogged before about the coming Iranian Oil bourse which will trade oil in Euros.
I found a nice little essay explaining quite a bit about it and why it would upset US position in the world much more than anything thing else.
If you don't understand the importance for the USA to have all the oil price in dollars and the oil paid in US dollars, read this!
Really interesting to see how the fact that the USD is the reserve currency of the world benefits the ones printing that currency, and how the rest of the world accepts to get screwed over it just to be able to buy energy.
Posted in: _Economy , _Geopolitics
I found a nice little essay explaining quite a bit about it and why it would upset US position in the world much more than anything thing else.
If you don't understand the importance for the USA to have all the oil price in dollars and the oil paid in US dollars, read this!
Really interesting to see how the fact that the USD is the reserve currency of the world benefits the ones printing that currency, and how the rest of the world accepts to get screwed over it just to be able to buy energy.
Posted in: _Economy , _Geopolitics
Labels: Economy, Geopolitics
posted by Bambitroll at
21:46
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