Democratic Underground - Iranian Oil Bourse opening tomorrow (March 20) ??

Iranian Oil Bourse opening tomorrow (March 20) ?? [View All]

LSK

(1000+ posts) Send PM | Profile | Ignore

Mon Mar-20-06 01:15 AM
Original message

Iranian Oil Bourse opening tomorrow (March 20) ??

Advertisements [?]

Edited on Mon Mar-20-06 01:15 AM by LSK

"Iran is planning to open a commodity exchange, under names variously referred to in English as Iran Petroleum Exchange, International Oil Bourse or Iranian Oil Bourse, for the express purpose of trading oil, petrochemicals and gas in various non-dollar currencies, including euros. The opening date was initially planned for March 20, 2006. If successful, this would establish a euro based pricing mechanism for oil trading, or 'oil marker' as it is called by traders.

The acronym IOB has been used as it can be interpreted as either International Oil Bourse or Iranian Oil Bourse, but has no official status."

http://en.wikipedia.org/wiki/Iranian_Oil_Bourse

Is it opening? Will the MSM say anything about it? How will it impact the value of the dollar and our economy?

http://en.wikipedia.org/wiki/Petroeuro

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators

Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Got a message for Democratic Underground? Click here to send us a message.

Iranian Oil Bourse opening tomorrow (March 20) ?? [View All]