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Oil, Iran and the US Dollar part 4

Oil Standard

transcript

The Middle East…

The vast desert lands hold 2/3rd of the world’s remaining oil reserves and have the lowest production cost anywhere on Earth.

control of the area’s oil production is vital to US interests. In exchange for mucho $ and military protection, the world’s biggest oil producer, Saudi Arabia agrees to sell Its oil exclusively in US dollars.
However some OPEC members have not been as compliant…

In 2001, Iraq begins selling oil in Euros.

The US responds by quickly restoring democracy to the Iraqi people.
And Iraq’s oil is once again sold in US dollar.
Iranian Oil Bourse
2006 - the world’s 3rd largest exporter of crude oil, Iraq proposes to open a new oil exchange...

The Iranian oil bourse (OIB) would trade in non-dollar currencies, primarily the Euro.

The opening of the exchange has already been postponed several times since it was first proposed in 2005.
Meanwhile back in the war room…

WMDs?
Enriched uranium …
Terrorist state?
Nuclear program?

The Iran War coming soon on CNN

The End

Chris Lecours
Illuminati Rex
for disinformation purposes only