The Oil Drum

133 comments on Bourse! Bourse! Bourse! Bourse!

Comments can no longer be added to this story.

bigfootvegan on January 25, 2006 - 7:36pm

Am I being naive in thinking that the usa must do well out of everyone having dollars to trade with?
and as the price of oil goes up then the more DOLLARS the rest of the world will spend, I was under the assumption that the US economy was supported by this, I guess the question is how much of a difference will the bourse make?

and will venezuela be trading on the iranian oil bourse? or is it more for local oil producers

Comments can no longer be added to this story.

bigfootvegan on January 25, 2006 - 7:42pm

I meant to say "having to have dollars"

I was thinking mabye the nuclear thing is good for Iran because they have chosen to use it as a bargaining chip, they can back down whenever they want, mabye the opening of the bourse in return for no nuclear??

oh its getting late, fuzzy thinking

thanks for posting this

Comments can no longer be added to this story.

muhandis on January 27, 2006 - 7:22pm

My understanding is the Iranian Oil Bourse is intended as a regional exchange serving the middle east and central asia. As for buy-in from Iran's neighbours, who knows?

Comments can no longer be added to this story.

Search The Oil Drum with Google

Recently on TOD:World

TOD:Local

TOD:Europe

TOD:Canada

TOD:ANZ

Peak Oil Primers

“This order [i.e. capitalism] is now bound to the technical and economic conditions of machine production which today determine the lives of all the individuals who are born into this mechanism, not only those directly concerned with the economic acquisition, with irresistible force. Perhaps it will so determine them until the last ton of fossilized coal is burnt.”

—Max Weber, 1905