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Gold/Mining/Energy : PEAK OIL - The New Y2K or The Beginning of the Real End? -- Ignore unavailable to you. Want to Upgrade?

To: Sidney Reilly who wrote (187)	3/13/2005 6:48:06 PM
From: kryptonic6	Read Replies (1) \| Respond to of 1183

I tend to lean in that direction also Sidney, but I still would not rule out U.S. participation. I think that the Bush Cartel would prefer for Israel to strike Iran's nuclear facilities to save them the political headache, but the U.S. will see it's objectives out regardless of Israeli action. Also, unforeseen events (like a major Iranian oil disruption) could change the situation in a heartbeat. I still think it's too early to say for sure how everything will play out, but the U.S. sure as hell doesn't want Iran to go ahead with their plans to establish their own oil trading market in euros, which would be disastrous to the U.S. dollar. See this for more on the economic considerations for striking Iran: The Real Reasons Why Iran is the Next Target: The Emerging Euro-denominated International Oil Market by William Clark www.globalresearch.ca 27 October 2004 The URL of this article is: globalresearch.ca ---------------------------------------------------------- The Iranians are about to commit an "offense" far greater than Saddam Hussein's conversion to the euro of Iraq’s oil exports in the fall of 2000. Numerous articles have revealed Pentagon planning for operations against Iran as early as 2005. While the publicly stated reasons will be over Iran's nuclear ambitions, there are unspoken macroeconomic drivers explaining the Real Reasons regarding the 2nd stage of petrodollar warfare - Iran's upcoming euro-based oil Bourse. In 2005-2006, The Tehran government has a developed a plan to begin competing with New York's NYMEX and London's IPE with respect to international oil trades - using a euro-denominated international oil-trading mechanism. This means that without some form of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given U.S. debt levels and the stated neoconservative project for U.S. global domination, Tehran's objective constitutes an obvious encroachment on U.S. dollar supremacy in the international oil market. ------ Jesse