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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: GST who wrote (49909)	1/16/2006 5:18:40 PM
From: Kailash	Read Replies (1) of 110194

It is clearly in the interest of the US to prevent Iran from opening a Euro-based oil exchange, but the means are unclear. An invasion frankly seems extremely unlikely; this is a large, populous, and well-armed country. Air raids are openly contemplated in Congress, but while they would set back Iran's nuclear plans, they would do little to stop the new international oil exchange. The third option is economic sanctions, but in the current situation we have about as much power to impose them as an addict has over his pusher. Iran is already threatening to retaliate by withholding oil: guardian.co.uk "Last week, Manouchehr Takin, of the Centre for Global Energy Studies, argued that crude prices could hit $100 a barrel if Iran stopped exporting. 'Supply and demand are very tightly balanced,' he said." In Ahmadinejad's words, "You need us more than we need you." It's hard to see the US can do anything about this new bourse, and we can expect its debut to put further and continuous pressure on the dollar.

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