fix articles 173420, petrodollar Los Angeles Indymedia : tag : petrodollar

petrodollar

Iran Begins Shift from Petrodollar to Eurodollar (tags)

Two Iranian news agencies are reporting that Iran has begun its long anticipated move away from the U.S. Dollar to the European Union’s Euro as the (Petrodollar and Eurodollar, respectively) method of payment for its oil transactions.

The Petrodollar: America’s Achilles Heel (tags)

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The Real Reasons Why Iran is the Next Target (tags)

The Iranians are about to commit an offense far greater than Saddam Hussein's conversion to the euro for his oil exports back in the fall of 2000. In March 2005 Iran is going to start competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-based international oil-trading mechanism. Numerous articles have revealed Pentagon planning for operations against Iran in 2005. The publicly stated reasons will be over Iran's nuclear ambitions, but the following unspoken macroeconomic issues explain the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-denominated oil Bourse.

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