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Iran stops selling oil in U.S. dollars

T

Trianon

Golden Member
TEHRAN (Reuters) - Iran has completely stopped selling any of its oil for U.S. dollars, an Iranian news agency reported on Saturday, citing the oil minister of the world's fourth-largest crude producer.
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The ISNA news agency did not give a direct quote from Oil Minister Gholamhossein Nozari. A senior oil official last month said "nearly all" of Iran's crude oil sales were now being paid for in non-U.S. currencies.

For nearly two years, OPEC's second biggest producer has been reducing its exposure to the dollar, saying the weak U.S. currency is eroding its purchasing power.

Iranian President Mahmoud Ahmadinejad, who often rails against the West, has called the U.S. currency a "worthless piece of paper."

Foes since Iran's 1979 Islamic revolution, Tehran and Washington are also at odds over Tehran's disputed nuclear programme as well as over policy in Iraq.

"In line with the policy of selling crude oil in currencies other than the U.S. dollar, currently the sale of our country's oil in U.S. dollars has been completely eliminated," ISNA reported after talking with Nozari.

Nozari told ISNA: "In regards to the decrease in the dollar's value and the loss exporters of crude oil have endured from this trend, the dollar is no longer a reliable currency."

"This is why, at the meeting of the heads of states, Iran proposed to OPEC members that a currency (for oil exports) would be determined that would be reliable and would not cause any loss to exporter countries," he said.

At a November summit of Organization of the Petroleum Exporting Countries heads of state, Iran suggested oil should be sold in a basket of currencies rather than dollars, but failed to win over other members except Venezuela.

Ahmadinejad and his Venezuelan counterpart, Hugo Chavez, are vocal critics of U.S. influence in the world.

Hojjatollah Ghanimifard, international affairs director of the state owned National Iranian Oil Company, last month told Reuters that most of Iran's oil export earnings were in euros, with some in yen.

(Reporting by Zahra Hosseinian, writing by Fredrik Dahl, editing by Anthony Barker)
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REUTERS

Looks like Iran continues to defy the USA, I am wondering what next WH press release will say? That we found another source of 45-minute mushroom cloud?
 
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
 
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
 
Originally posted by: Nebor
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
Click to expand...

Hm. So basically... I... Wow.

... How the hell am I supposed to respond to this?
 
Hojjatollah Ghanimifard, international affairs director of the state owned National Iranian Oil Company, last month told Reuters that most of Iran's oil export earnings were in euros, with some in yen.
Click to expand...

More smoke and mirrors from Mad-boy and the Mullahs. I guess this announcement is supposed to be a sharp stick in the eye but the truth is that Iran doesn't take in many dollars anyway because US oil traders don't do business directly with Iran so it's really a blunt stick that misses the mark.

The only people this will affect are the FUDsters who don't have the first idea how the petroleum market works and who think this anouncement is in any way significant. It's really nothing more than posing from Iran, a country that continually strains and reaches for significance and importance on the world stage. iow, it's more of their usual attention whoring.
 
Originally posted by: Nebor
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
Click to expand...

For someone that seems to be a big supporter of civil liberties, you seem to be backward on your warmongering.

Aren't we giving up civil liberties when we allow the government to attack whoever they want based on economic reasons that benefit a select few while we, the taxpayers, are forced to pay for it?

Also, aren't we giving up civil liberties when our own men are forced to fight wars and die in wars?

Why should we ever give up freedoms to 'free' other countries? Why should we pay for it?
 
Originally posted by: brxndxn
Originally posted by: Nebor
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
Click to expand...

For someone that seems to be a big supporter of civil liberties, you seem to be backward on your warmongering.

Aren't we giving up civil liberties when we allow the government to attack whoever they want based on economic reasons that benefit a select few while we, the taxpayers, are forced to pay for it?

Also, aren't we giving up civil liberties when our own men are forced to fight wars and die in wars?

Why should we ever give up freedoms to 'free' other countries? Why should we pay for it?
Click to expand...

I was under the impression that the majority of the country favored foreign "pre-emptive" wars. Otherwise they would have elected representatives to put a stop to them.

Volunteer military, no one has to serve, or go to Iraq if they don't want to.

Again, the people of this nation seems to favor freeing other countries. I'm not a big fan of it myself, but as long as it's happening, I'll continue to make the smart investments and profit from it. Everyone I know that's been to Iraq or Afghanistan (military) loved it, and can't wait to go back.
 
Originally posted by: Nebor
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
Click to expand...

Do you get some type of perverted sexual satisfaction out of death and destruction?
 
We are not going to bomb Iran any time in the near future.

The reduction in violence in Iraq has removed the need to bomb Iran for their 'interference' in Iraq.
And there isn't much of a push to bomb Iran over their nuke program at the moment.

Plus it is very unlikely that Bush will bomb Iran with the voting in the primaries starting in just a month.

I wish you libs would understand this and stop all the threads about bombing Iran 😉
 
Well one thing for sure, PNAC is turning into great plan to horribly weaken America.

In the oil embargoes of the past, all major currencies inflated around the price of oil, this time it looks like only the US currencies will.

In terms of a war with Iran, no credible reasons can be found by the little boy who cried wolf.
And if GWB&co. get froggie anyway, the rest of the world need not confront the US military when economic means will be far more effective.

The GWB lack of vision will be a curse we may well spend decades to overcome.
 
Originally posted by: ProfJohn
We are not going to bomb Iran any time in the near future.

The reduction in violence in Iraq has removed the need to bomb Iran for their 'interference' in Iraq.
And there isn't much of a push to bomb Iran over their nuke program at the moment.

Plus it is very unlikely that Bush will bomb Iran with the voting in the primaries starting in just a month.

I wish you libs would understand this and stop all the threads about bombing Iran 😉
Click to expand...

If anything, the biggest mistake behind the invasion of Iraq was that it lets Iran go free.

The only thing that could tip us towards a war with Iran is Israel, but I would warn them not to test world opinion. Too often it has sided with the Muslims and if they force action they might not like being on the receiving end of the UN.
 
Originally posted by: Nebor
I was under the impression that the majority of the country favored foreign "pre-emptive" wars. Otherwise they would have elected representatives to put a stop to them.

Volunteer military, no one has to serve, or go to Iraq if they don't want to.

Again, the people of this nation seems to favor freeing other countries. I'm not a big fan of it myself, but as long as it's happening, I'll continue to make the smart investments and profit from it. Everyone I know that's been to Iraq or Afghanistan (military) loved it, and can't wait to go back.
Click to expand...

You must have some strange friends. I probably know close to a hundred people that have been there, and I've never heard ONE say that they are interested in going back. They will if they have to, but they are almost uniformally dreading it.
 
Originally posted by: Lemon law
The point being, first Iran and then other oil producing nations will follow unless I miss my guess.
Click to expand...
Did you read the entire article?

At a November summit of Organization of the Petroleum Exporting Countries heads of state, Iran suggested oil should be sold in a basket of currencies rather than dollars, but failed to win over other members except Venezuela.
Click to expand...

Only two countries. Ahmadinejad and Chavez couldn't even recruit enough converts to form a circle jerk. I guess they have each other though.
 
If we keep bailing out home owners who dont want to have to pay their bills and the banks that made the bad loans to begin with we deserve what we get.
 
Originally posted by: eskimospy
Originally posted by: Nebor
I was under the impression that the majority of the country favored foreign "pre-emptive" wars. Otherwise they would have elected representatives to put a stop to them.

Volunteer military, no one has to serve, or go to Iraq if they don't want to.

Again, the people of this nation seems to favor freeing other countries. I'm not a big fan of it myself, but as long as it's happening, I'll continue to make the smart investments and profit from it. Everyone I know that's been to Iraq or Afghanistan (military) loved it, and can't wait to go back.
Click to expand...

You must have some strange friends. I probably know close to a hundred people that have been there, and I've never heard ONE say that they are interested in going back. They will if they have to, but they are almost uniformally dreading it.
Click to expand...

One is an Army scout. Enjoys being shot at, writes me an email every time he gets involved in an engagement.

Another is a tank commander, he organized a wrestling league in the Afghan town they were stationed in.

Another is in Army intelligence. He's always been a weird guy. Loves it over there though.

All are brothers of my college fraternity. :thumbsup:
 
Originally posted by: manowar821
Originally posted by: Nebor
Originally posted by: manowar821
I'm really glad there are people out there who understand that wars with the USA today have nothing to do with freedom and peace, and everything to do with money and greed.

But just look at the warmongers responses, this is the type of person who I share this country with? What a joke.

If Iran sells oil on something other than the US dollar, we're in for quite a show... Whether it be a war to "free the Iranian people", or the US economy hitting a new low... You guys thought the last 10 years were fucked up? Just wait.
Click to expand...

Of course our wars are waged for economic reasons. As a warmonger, I don't dispute that.
Click to expand...

Hm. So basically... I... Wow.

... How the hell am I supposed to respond to this?
Click to expand...

At least he's honest about it.
 
Originally posted by: Nebor
Originally posted by: Sinsear
Question of the day - when do we start Shock and Awe?
Click to expand...

Not soon enough.
Click to expand...

:laugh: :thumbsup:
Click to expand...


I'm with you guys on this one. Let's commence Shock and Awe as soon as you two ship out to the desert. I'll patriotically support you by playing the Marines side in BF2 and purchasing a small patriotic magnetic ribbon for my bicycle.

I can't wait to get started.
 
Originally posted by: piasabird
If we keep bailing out home owners who dont want to have to pay their bills and the banks that made the bad loans to begin with we deserve what we get.
Click to expand...

Do you ever post anything on topic?
 
Originally posted by: fallout man
Originally posted by: Nebor
Originally posted by: Sinsear
Question of the day - when do we start Shock and Awe?
Click to expand...

Not soon enough.
Click to expand...

:laugh: :thumbsup:
Click to expand...


I'm with you guys on this one. Let's commence Shock and Awe as soon as you two ship out to the desert. I'll patriotically support you by playing the Marines side in BF2 and purchasing a small patriotic magnetic ribbon for my bicycle.

I can't wait to get started.
Click to expand...

hahaha :thumbsup:
 
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