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THE ROVING EYE : The Iranian oil embargo blowback
European poodles will soon discover they have cocked their legs in high wind after playing fetch to the United States on the Iranian oil embargo. The blowback is high oil prices, and the strong possibility of a Greek government bond default sparking renewed catastrophe in the eurozone. The rest of the world is dismissing sanctions and all across Eurasia trade is fast moving away from the greenback. - Pepe Escobar (Jan 27, '12)
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