THE ROVING EYE
Slouching towards Petroeurostan
The Iranian International Petroleum Exchange started business this week. It was a low-key affair, yet it could mark a key point in the decline of the US dollar as a world currency while offering oil producers a vital option to using existing middlemen and exchanges that at present control the global oil market. - Pepe Escobar (Feb 20, '08)
http://www.atimes.com/atimes/Global_Economy/JB21Dj07.html
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