Thursday, February 21, 2008

Is Iran next?

I do not know if this is a good thing or a bad thing -

http://www.oilandgaseurasia.com/news/p/0/news/1825

seems like the Russians and Chinese are using Iran as the cat's paw to put more pressure on the dollar (yes it is a self-defeating move for the Hans but maybe they are not serious - just sending warning signals). A steep dollar decline will not happen due to the Iranian non-dollar oil bourse, the Iranians do not have that much oil. But if Russia and Venezuela were to join in - the impact could be sizeable

Will the Yanks bomb Iran next?

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