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Iran and Venezuela don't want US Dollars anymore by Europe & Us 2007-11-21 09:46:21 |
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Iranian president Mahmud Ahmadinedschad and Venezuelian president Hugo Chavez are not exactly what one would call friends of the United States of America. At the current OPEC conference in Riyad (Saudi-Arabia), the two declared that they are not longer willing to trade “valuable oil against worthless paper”, meaning the weak green buck w hich is gene rally blamed for the sky-rocketing prices of the barrel which traded today around 95 dollars the barrel. 
While their OPEC collegues seem to be willing to discuss the issue next week in a seperate meeting, Chevez and Ahmadinedschad obviously pursue other interests than simply to discuss the oil price. When addressing the audience at the opening of the current OPEC session, Chavez declared that “if the USA would be silly enough to attack Iran or to aggress Venezuela again, the oil price could easily pass from 100 dollars the barrel to 200 dollars.” Furthermore, he added, “The fall of the dollar is the fall of the entire north-americain empire.” So, the strange alliance between Iran and Venezuela would like to see the OPEC become an “active geopolitical player”, which sounds like an invitation to blackmail western countries threatening them to close the pipelines or to unreasonably increase the prices, just like Russia did these last years with their gaz resources. While Chavez may be right when stating that “oil is the source of all aggressions in the world, the underlying reason for the Iraq war and the reason behind the threats against Iran”, the idea of these two countries with their respective leaders taking control of th e world economics is more than frightening. If the dollar would not be the currency in the worldzide oil trade, which other currency could step in? Since the OPEC countries will not accept the yen, everybody starts looking at the Euro. But Europe would be well advised to refuse such a deal, which is aiming mainly to weaken the USA.
Written by: Kai Littmann  (Taken from www.europeus.org)
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