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Topic: Petroeuro

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	Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse \| EnergyBulletin.net \| Peak Oil News ...
		From a purely economic and monetary perspective, a petroeuro system is a logical development given that the European Union imports more oil from OPEC producers than does the U.S., and the E.U. accounted for 45% of exports sold to the Middle East.
		Regardless of the potential U.S. response to an Iranian petroeuro system, the emergence of an oil exchange market in the Middle East is not entirely surprising given the domestic peaking and decline of oil exports in the U.S. and U.K, in comparison to the remaining oil reserves in Iran, Iraq and Saudi Arabia.
		It should also be noted that throughout 2003-2004 both Russia and China significantly increased their central bank holdings of the euro, which appears to be a coordinated move to facilitate the anticipated ascendance of the euro as a second World Reserve Currency.
	www.energybulletin.net /7707.html (4066 words)

	The Iranian Threat: The Bomb or the Euro?
		Such conversion is looked upon as a flagrant declaration of economical war against the US that would flatten the revenues of the American corporations and eventually might cause an economic collapse.
		Iran’s determination in using the petroeuro is inviting in other countries such as Russia and Latin American countries, and even some Saudi investors especially after the Saudi/American relations have weakened lately.
		This determination had also invited an aggressive American political campaign using the same excuses used against Iraq: WMD in the form of nuclear bomb, support to "terrorist" Lebanese Hezbollah organization, and threat to the peace process in the Middle East.
	www.informationclearinghouse.info /article8354.htm (1240 words)

	The Iranian Threat: The Bomb or the Euro? [Archive] - Sean Hannity Discussion
		Iran does not pose a threat to the United State because of its nuclear projects, its WMD, or its support to "terrorists organizations" as the American administration is claiming, but in its attempt to re-shape the global economical system by converting it from a petrodollar to a petroeuro system.
		Furthermore, to state that it would force the US to covert to the Euro is absurd, since other nations have not converted to the dollar in its years of global dominance.
		Noting that the EU would benifit greatly from a conversion of oil trading in Euros, no wonder they are not opposed.
	www.hannity.com /forum/archive/index.php/t-55586.html (1004 words)

	The Real Reasons Why Iran is the Next Target (Site not responding. Last check: 2007-09-17)
		From a purely economic and monetary perspective, a petroeuro system is a logical development given that the European Union imports more oil from OPEC producers than does the U.S., and the E.U. accounts for 45% of imports into the Middle East (2002 data).
		According to Mohammad Javad Asemipour, an advisor to Iran’s oil ministry and the individual responsible for this project, this new oil exchange is scheduled to begin oil trading in March 2005.
		A successful Iranian bourse would solidify the petroeuro as an alternative oil transaction currency, and thereby end the petrodollar's hegemonic status as the monopoly oil currency.
	www.worldproutassembly.org /real_reasons_why_iran_is_the_nex.htm (3292 words)

	AboveTopSecret.com Content Tags (Site not responding. Last check: 2007-09-17)
		(petroeuro) Iran starting to transfer its hard currency reserves to undisclose location.
		(petroeuro) The knife edge of China and Iran.
		(petroeuro) News item not reported by major networks.
	www.abovetopsecret.com /tags/petroeuro.html (56 words)

	Clark2
		Considering that in mid-2003 Iran switched its oil payments from E.U. and ACU customers to the euro, and thus it is logical to assume the proposed Iranian bourse will usher in a fourth crude oil marker - denominated in the euro currency.
		A unilateral U.S. military strike on Iran would isolate the U.S. government in the eyes of the world community, and it is conceivable that such an overt action could provoke other industrialized nations to strategically abandon the dollar en masse.
		Indeed, such an event would create pressure for OPEC or Russia to move towards a petroeuro system in an effort to cripple the U.S. economy and its global military presence.
	www.leadaship.com /clark2 (3579 words)

	israelinsider: Views: The petroeuro threat
		The Iranians have developed a petroeuro system for oil trade which, when enacted, could threaten U.S. dollar supremacy.
		The Iranian plan is not limited to purchasing one oil-producing country's oil with euros.
		The petroeuro would create a global alternative to the U.S. dollar and further momentum at OPEC to create an alternate currency for oil purchases worldwide.
	web.israelinsider.com /views/7828.htm (1063 words)

	The Republic - Vancouver's Opinionated Newspaper
		Shortly thereafter, Venezuela, Russia, and Iran all began to discuss shifting from the petrodollar to the petroeuro.
		According to Republican Congressman Ron Paul of Texas, this kind of shift could pose a fatal threat to the vitality of the American economy.
		Now Iran is opening an oil bourse (a fancy word for “commodities exchange”) in which oil will be sold in euros rather than dollars.
	www.republic-news.org /archive/135-repub/135_dan_adleman.htm (1254 words)

	United for Peace of Pierce County, WA - We nonviolently oppose the reliance on unilateral military actions rather than ... (Site not responding. Last check: 2007-09-17)
		Considering that in mid-2003 Iran switched its oil payments from E.U. and ACU customers to the euro, and thus it is logical to assume the proposed Iranian bourse will usher in a fourth crude oil marker -- denominated in the euro currency.
		This assumes the euro maintains its current 20-25% appreciated value relative to the dollar -- and assumes that some sort of US "intervention" is not launched against Iran.
		The upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world -- global oil and gas trades.
	www.ufppc.org /content/view/3261 (3547 words)

	Oil Currency Geopolitics
		This event could introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world - global oil and gas trades.
		Once the petrodollar recycling system begins to erode via the emergence of a broad-based petroeuro transaction exchange, the Federal Reserve will no longer be able to effortlessly expand its debt-financing via issuance of Treasury bills, and the dollar’s international demand/liquidity value will begin to fall.
		U.S. to significantly change its current tax, debt, trade, and energy policies, all of which are severely unbalanced.
	peakoil.com /static/editorial/Oil_Currency_Geopolitics.htm (2003 words)

	Petrodollar - Wikipedia, the free encyclopedia (via CobWeb/3.1 planet03.csc.ncsu.edu) (Site not responding. Last check: 2007-09-17)
		Considerable concern was being expressed at the time, particularly by the American media, that the American economy was in danger of being held hostage by the interests of some OPEC countries.
		So far, OPEC has resisted this move although some OPEC members (such as Iran and Venezuela) have been pushing for a switch to the Euro.
		The Rise of the Petroeuro (excellent Republic article that articulates the relationship between the American dollar, oil, and American imperial hegemony)
	en.wikipedia.org.cob-web.org:8888 /wiki/Petrodollar (550 words)

	Asia Times Online Community and News Discussion - Petrodollars -- Why Iran Is Next Target of PNAC
		Throughout 2004 statements by former administration insiders revealed that the Bush/Cheney administration entered into office with the intention of toppling Saddam Hussein.
		However, subsequent events show this strategy to be fundamentally flawed, with Iran moving forward towards a petroeuro system for international oil trades, while Russia discusses this option.
		Candidly stated, ‘Operation Iraqi Freedom’ was a war designed to install a pro-U.S. puppet in Iraq, establish multiple U.S military bases before the onset of Peak Oil, and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency.
	forum.atimes.com /topic.asp?TOPIC_ID=724 (8345 words)

	Now this makes sense..... - Anabolic Steroids - Steroid.com / Anabolic Review Forums
		Considering that Iran has switched to the euro for its '> oil payments from E.U. and ACU customers, it would be logical to assume the proposed Iranian Bourse will usher in a fourth crude '> oil marker — denominated in the euro currency.
		From a purely economic and monetary perspective, a petroeuro system is a logical development given that the European Union imports more '> oil from OPEC producers than does the U.S., and the E.U. accounts for 45% of imports into the Middle East (2002 data).
		A successful Iranian bourse would solidify the petroeuro as an alternative '> oil transaction currency, and thereby end the petrodollar's hegemonic status as the monopoly '> oil currency.
	forums.steroid.com /showthread.php?t=152129 (4225 words)

	clark
		Assuming of course that the euro maintains its current 20% appreciated value relative to the dollar - and assuming that some sort of "intervention" is not undertaken against Iran.
		Regardless of the IAEA findings, it appears increasingly likely the U.S. will use the specter of nuclear weapon proliferation as a pretext for an intervention, similar to the fears invoked in the previous WMD campaign regarding Iraq.
		The Bush administration could undertake a desperate military strategy to thwart Iran's nuclear ambitions while simultaneously attempting to prevent the Iranian oil Bourse from initiating a petroeuro system for international oil trades.
	www.leadaship.com /clark (3908 words)

	The Iranian Threat: The Bomb or the Euro?
		March 19, 2005 —; Iran does not pose a threat to the United State because of its nuclear projects, its WMD or its support to "terrorists organizations" as the American administration is claiming, but rather in its attempt to re-shape the global economic system by converting it from a petrodollar to a petroeuro system.
		The Iranian reports had stated that this bourse might start its trade with the beginning of 2006.
		Iran's determination to use the petroeuro is inviting to other countries such as Russia and the Latin American countries, and even some Saudi investors, especially since Saudi/American relations have weakened lately.
	www.serendipity.li /wot/akleh.htm (1219 words)

	LookSmart's Furl - View Item - War With Iran and Petroeuro Round-up
		Rated 5 in Government; Freedom; Energy; Extremism by akrowne on Mar 9, 2006 at 01:22:11 GMT.
		A gaggle of (rather prescient) recent articles about the standoff with Iran over--not its "nuclear ambitions"--but its petroeuro ambitions.
		It is a very interesting situation, because it seems the US has no "easy" solution this time.
	www.furl.net /item.jsp?id=7437761 (206 words)

	TheSpoof.com : Alan Greenspan Rants Against Threat to US Dollar Due to Iran and PetroEuro funny satire story
		WASHINGTON (Reuters)-On Wednesday, US Federal Reserve Chairman Alan Greenspan ranted against the planned switch to the "PetroEuro" by Iran for oil sales which he claims endangers the PetroDollar and the plain old American greenback.
		"Iran's Oil Bourse will be denominated in PetroEuros and that is a grave threat to the US dollar and our domestic interest rates.
		Aides quickly converged on the outspoken Fed Chairman and calmed him down by reading from the novel "Atlas Shrugged" by Ayn Rand.
	www.thespoof.com /news/spoof.cfm?headline=s8i8837 (710 words)

	Iran's plan to go from Petrodollar to Petroeuro - Global Affairs Forum, Politics, Law, Science, Health (Site not responding. Last check: 2007-09-17)
		Iran's plan to go from Petrodollar to Petroeuro - Global Affairs Forum, Politics, Law, Science, Health
		Iran's plan to go from Petrodollar to Petroeuro
		Interesting hypothesis based on plans announced by Iranian officials to set up a global Oil trading stock exchange based on Euros.
	www.globalaffairs.org /forum/showthread.php?t=37437 (561 words)

	The American Street » Blog Archive » Beware the petroeuro
		Let’s also pretend that oil prices (per the NYMEX) would have ebbed and flowed exactly the same as they actually did over the last 13 months.
		What would we have been paying for oil under a “petroeuro” regime?
		As you can see from the above chart, from November 2003 to September 2004, little would have been different.
	www.reachm.com /amstreet/archives/2004/12/07/beware-the-petroeuro (891 words)

	Will Iran's 'petroeuro' threat lead to war?
		Not unless the Euro supplants the $ as the international currency of record.
		Iran's petroeuro will only make the purchase of their oil less convenient.
		It will help countries like Norway and Nigeria who sell their oil in the other three markets.
	www.freerepublic.com /focus/f-news/1572139/posts (5061 words)

	Iran’s euro-denominated oil bourse to open in March; US$ crash imminent! William R. Clark
		Similar to the Iraq war, military operations against Iran relate to the macroeconomics of ‘petrodollar recycling’ and the unpublicized but real challenge to US$ supremacy from the euro as an alternative oil transaction currency.
		The upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world — global oil and gas trades.
		In essence, the US will no longer be able to effortlessly expand credit via US Treasury bills, and the US$’s demand/liquidity value will fall.
	www.williambowles.info /iran/iran_euro_bourse.html (3611 words)

	Political Crossfire Forums :: View topic - Petro$, PetroEuro and the UK economy
		Political Crossfire Forums :: View topic - Petro$, PetroEuro and the UK economy
		Thought this post was one of the most interesting I've seen here in ages, it got me thinking; I wonder if the UK economy is so tied to the US$, that if the PetroEuro Oil trading systems takes off, that not only the US but UK economy will suffer...
		A man needs a mistress just to break the monogamy.
	www.politicalcrossfire.com /forum/viewtopic.php?t=49113 (557 words)

	The Real Reasons Why Iran is the Next Target:
		Candidly stated, 'Operation Iraqi Freedom' was a war designed to install a
		technical obstacle for a broad-based petroeuro system for international oil
		From a purely economic and monetary perspective, a petroeuro system
	www.apfn.net /Messageboard/11-20-04/discussion.cgi.42.html (2265 words)

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