Friday, March 10, 2006

Response to the Iranian oil bourse issue

A recent article by F.William Engdahl responding to the notion that the proposed Iranian oil bourse is the driving factor behind a march to war with Iran. According to the author, the oil-for-Euros standard that the new oil exchange is supposed to create is an unrealistic outcome. Engdahl makes his case against the recently popularized notion of an Iranian oil bourse unseating the dollar's hegemoney in this editorial from Financial Sense.