Geomentary on Iran and USA situation
Submitted by pakpoint on October 12, 2008 11:12 pmOne Comment
Short URL to this post http://8mv.net/8j
Iran denominates its oil sales in euros instead of dollars, which means they could flood the market with cheap oil which the US can neither buy (the Federal Reserve doesn’t print euros) nor compete with. While there are other reasons for conflict, such as Iran’s proposed oil pipeline to India and beyond, this has created an economic vulnerability in the US.




Get a Trackback link
1 Comments
The spread of US army and the war expenditures will destroy them
Leave a comment
Short URL to this post http://8mv.net/8j
Please submit your comments only once. Sometime your comments publishing may be little delayed
Comment Policy: It is a very difficult to moderate all comments live. We beleive in freedom of expression. So we do not like to stop anyone's opinion. But to bring a little sanity in the debate it is recommended that please do not use abusive, off-topic, slang language. Please do not make racial attacks, Please carry on a civilized discussion. Comment posters are responsible for anything they post. Log out