Friday, November 04, 2005

Uh oh.

You need to read this piece about Iran's decision to create an oil "bourse," or market, and to take as currency the euro, as opposed to the dollar. There are numerous reasons why this is a good deal for Iran--which holds a high percentage of proven oil reserves and a higher percentage of natural gas--as well as for its many European trading partners.

And so, as the author points out, we might want to be on the lookout for an attack on Iran by the US, in the guise of disarming its nuclear threat, just as the US attacked Iraq in 2003, using WMD as the excuse, in the wake of Iraq's decision to utilize the euro as its exchange.

Stay tuned.

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