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To: yard_man who wrote (244463)	6/8/2003 2:44:01 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 436258

tippet could you tell why this makes sense ? Abdullah al-Attiyah, who is also oil minister for Qatar, said the dollar's decline versus other leading currencies like the euro and the yen had hurt OPEC revenues and helped oil importing nations. "We are facing a very difficult situation with the dollar," he told reporters in Qatar ahead of next week's Organisation of the Petroleum Exporting Countries meeting in the cartel member country. "The dollar has lost 20 percent of its value against the euro. The customer is receiving a discount from us." May be he should say that since Jan 1999 OPEC overcharged Europe in their sales of oil ? His statements does not make any sense. If crude oil would be priced in EUR's the price would be the same in USD ....... makes no difference in which currency you price a commodity which is actively trading on several exchanges ......... it is like saying the Gold is also mispriced in USD ....... pure stupidity