Oil, Iran and the US Dollar part 4
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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. In 2001, Iraq begins selling oil in Euros. The US responds by quickly restoring democracy to the Iraqi people. 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. WMDs? The Iran War coming soon on CNN The End Chris Lecours |














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