L'Iran va vendre le pétrole en Euros

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Message par energy_isere » 10 févr. 2006, 20:08

et si l' IOB ouvrait en Mars 2006 :
et patati et patata et guerre et patati et pata et dollar et patati et pata et bombardement et patati et patata et USA et patati et pétrole et pata et Euro et patati et pata et mollah et patati et patata et guerre et patati et pata et dollar et patati et pata et nucléaire et patati et Israel et patata et guerre et patati et pata et invasion et patati et pata et missiles ............

et patati et patata et guerre et patati et pata et dollar et patati et pata et bombardement
et ce pendant des pages et des pages !

Mais l' Iran dit il qu' il va ouvrir cette bourse ?

Une info de leur part qui soit récente ? non ?

et pourtant ils se privent pas de déclaration concernant le nucléaire.

Alors pourquoi ne disent ils rien sur l' IOB ?

Parce que c'est sans doute une baliverne de plus qu'invente l 'occident à partir d'une petite déclaration un peu prématurée ou mal pesée de l' Iran il y a 10-20 mois en arriére.

Bon, je suis prét à changer d'avis quand je verrais l'info d'un site gouvernemental Iranien ou bien de Al Jezeera.

Mais pour l'instant c'est Petrov qu'à vu l'homme qu'à vu l'homme qu'à vu l'homme qu'à vu l'homme qu' a vu l' ours !

alan
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Le Tehran Stock Exchange..

Message par alan » 11 févr. 2006, 17:07

Que de tintouin sur la "Bourse Iranienne du pétrole"..
Soit: si effectivement la cotation passe en €, ceci pourrait-avoir des répercussions inimaginables..
Mais la "Bourse Iraniène" ( Tehran stock exchange ), elle, existe déjà, et le pétrole est déjà côté à Téhéran !!!!!
Il suffira donc aux Iraniens le jour venu, en gros, d'appuyer sur un bouton pour passer à une cotation en €...

De là à établir une demande officielle au Ministère Iranien...

D'une part, compte tenu de l'enjeu, nous pouvons supposer que, tout comme pour le nucléaire, de nombreuses tractations diplomatiques ont lieu actuellement... et, il ne faut tout de même pas se leurrer, ce ne sont certainements pas les péquenots d'Oléocène, que nous sommes, qui en auront confirmation les premiers !!

D'autre part, les Iraniens ne manquent certainements pas de services de renseignements, qui, bien évidemment comprennent mieux le français que nombre de ceux qui sont ici l'anglais, où l'arabe... s'ils s'intéressent un tant soit peu à ce que les occidentaux pensent de leur projet de cotation en euro, ils sont certainement aussi déjà au courant de votre projet de lettre..

Mais sait-on jamais, Oléocène.org est peut-être, sans la savoir, devenu le centre géo-stratégique de la planète !! :smt082

Un article Iranien de Décembre sur le projet :
A noter la subtilité de l'article qui à aucun moment ne parle ni de $ Dollars, ni d'€ euro...

International Signiificance of Iran’s Oil Stock Exchange
Heshmatollah Razavi

http://www.iranpetroleummag.com

( search=oil+stock+exchange )

http://www.iranpetroleummag.com/search_ ... k+exchange


Iran is to put into operation a trading hall for oil, gas and petrochemical products in early 2005.

According to a Petroleum Minister’s adviser and faculty member of Oil Technology University the reasons for such a more include: the Third Development Plan’s emphasis on structural modifications, decreasing price fluctuations risks, enhancing Iran’s oil revenues, transparency, competitiveness and facilitating the entry of the private sector into the oil transactions. As such, with the formation of the hall oil transactions will take a new shape.

The commissioning of an oil stock exchange in Iran, aside from domestic objectives, will definitely have important international consequences.

To consider the importance of the establishment of oil stock exchange in the country, it is necessary to have a glance at oil pricing in the past, and then take note of the significance of Iran’s decision for establishing an oil stock market within the framework of the present system of oil pricing at the international level.

The pricing system has so far seen three different periods: A period when multi-national oil companies determined prices; the time when OPEC started to have the say on prices; and a period in which oil prices are determined, on the supply-demand basis, in the international markets.

The first period in which big international names in the oil community decided oil prices ended with the establishment of OPEC in 1960. In fact continuous decrease of the prices by oil corporations in the late 50s was one of the main reasons for the coming together of oil exporting countries of the Middle East and Venezuela in Baghdad leading to the founding of OPEC.

This period was gradually replaced by a period in which a system emerged that allowed oil exporting countries to be at the helm in determining oil prices. This trend began by the launching of negotiations between OPEC member states and oil companies to increase posted prices in the early 70s and continued by an increase in the income tax of the oil company as well as the share of oil exporting nations in cooperation contracts. Also, in some cases the assets of oil companies were nationalized against payment of indemnity. So the years between the early 70s and mid 80s was a period in which OPEC would decide oil prices.

The third era, i.e. the present time, is a period when oil prices are decided in the international transaction markets. This period began its expansion in the 70s, continued in the first half of the 80s hand in hand with the pricing system, and has turned into the dominant mode of exchange and oil price determination.

Although the system of oil price determination in international exchange markets is one of the accepted ways of deciding oil prices, its exchange centers not only do not comply with world oil market developments, but also, in some cases, they have become monopolistic providing a suitable ground for profiteering of large oil companies and financing firms. From another angle, in a situation where North Sea oil production is continuously waning, why should Brent oil whose supply is not considerable enough, be regarded as the base price benchmark future by countries such as Iran and Saudi Arabia? This is happening at a time when oil traded in the New York Mercantile Exchange is mostly paper-based rather than actual oil.

Under these circumstances it seems that as the holder of the world’s second largest oil and gas reserves and the OPEC’s second ranking producer, standing next to Saudi Arabia and a growing market of petrochemical products, Iran needs to have an oil, gas and petrochemical products market of its own. The Iranian oil trading hall, may in addition to the exchange markets of London and New York, become a market for sales and purchase of the region’s oil and this indeed will have a greater degree of compatibility with the facts of transactions.

The establishment of such a market will also be of increasing significance because the Caspian Sea littoral states are also increasing their oil swaps with Iran. The increase of this transaction to 350,000 bpd will make necessary the creation of a kind of crude oil combination which is specific to this region.

The realization of such an objective is facing major challenges. To attract buyers and sellers to the new market on the one hand, and efforts of the its organizers for establishing necessary infrastructures to get the wheels of the stock exchange market turning on the other, are the most important of such challenges.


Published by :

Public Relations of Petroleum Ministry
Address: No.12, Gelayol Alley, Arash Blvd., Farid Afshar St.,
Zafar St., (East Dastgerdi), Modarres Highway.
Tehran.,Iran
Tel : (+9821)22005900
Fax : (+9821)22641152
P.Box : 15815/3677

Managing Director : Akbar Nematollahi
Editor in chief : Shakoor ArianKhah
Editor : Alireza Younesi


Le Tehran Stock exchange :

Tehran Stock Exchange
No. 228 , HAFEZ Ave ,
TEHRAN - IRAN
Tel. 0098 - 21 - 6704130 , 6700309 , 6700219
Fax. 0098 - 21 - 6702524
E-Mail: info@TSE.IR
Site : http://69.0.199.104/qtp_27-04-2048/tse/default.asp

( The Tehran Stock Exchange is open from Saturday through Wednesday and will observe the following holidays :smt083 )

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Re: Le Tehran Stock Exchange..

Message par energy_isere » 11 févr. 2006, 23:31

bravo alan pour avoir mis la main sur cet article.

Enfin du factuel sur ce que dit vraiment l 'Iran ! et pas de la paraphrase ou de la pseudo analyse ou de l' interprétation.

alan
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Understanding the Planned Assault on Iran

Message par alan » 12 févr. 2006, 02:08

C'est sur qu'au lieu de brasser de l'air, ce qui semble être une spécialité pour certains ici, l'on cherche un peu, on fini par trouver..

Un nouvel article sur le sujet :

Petrodollars and Nuclear Weapons Proliferation: Understanding the Planned Assault on Iran

by Michael Keefer February 10, 2006 GlobalResearch.ca

Iran has been in the gun-sights of George W. Bush and his entourage from the moment that he was parachuted into the presidency in November 2000 by his father’s Supreme Court.

A year ago there were signs, duly reported by Seymour Hersh and others, that the United States and Israel were working out the targeting details of an aerial attack on Iran that it was anticipated would occur in June 2005 (see Hersh, Gush Shalom, Jensen). But as Michel Chossudovsky wrote in May 2005, widespread reports that George W. Bush had “signed off on” an attack on Iran did not signify that the attack would necessarily occur during the summer of 2005: what the ‘signing off’ suggested was rather “that the US and Israel [were] ‘in a state of readiness’ and [were] prepared to launch an attack by June or at a later date. In other words, the decision to launch the attack [had] not been made” (Chossudovsky: May 2005).

Since December 2005, however, there have been much firmer indications both that the planned attack will go ahead in late March 2006, and also that the Cheney-Bush administration intends it to involve the use of nuclear weapons.

It is important to understand the nature and scale of the war crimes that are being planned—and no less important to recognize that, as in the case of the Bush regime’s assault on Iraq, the pretexts being advanced to legitimize this intended aggression are entirely fraudulent. Unless the lurid fantasies of people like former Undersecretary for Arms Control and International Security and now Ambassador to the United Nations John Bolton count as evidence—and Bolton’s pronouncements on the weaponry supposedly possessed by Iraq, North Korea, Cuba and Venezuela show him to be less acquainted with truth than Jean Harlow was with chastity—there is no evidence that Iran has or has ever had any nuclear weapons development program. Claims to the contrary, however loudly they may have been trumpeted by Fox News, CNN, or The New York Times, are demonstrably false.

Nor does there appear to be the remotest possibility, whatever desperate measures the Iranian government might be frightened into by American and Israeli threats of pre-emptive attacks, that Iran would be able to produce nuclear weapons in the near future. On August 2, 2005, The Washington Post reported that according to the most recent National Intelligence Estimate (NIE), which represents a consensus arrived at among U.S. intelligence agencies, “Iran is about a decade away from manufacturing the key ingredient for a nuclear weapon, roughly doubling the previous estimate of five years” (Linzer, quoted by Clark, 28 Jan. 2006).

The coming attack on Iran has nothing whatsoever to do with concerns about the proliferation of nuclear weapons. Its primary motive, as oil analyst William Clark has argued, is rather a determination to ensure that the U.S. dollar remains the sole world currency for oil trading. Iran plans in March 2006 to open a Teheran Oil Bourse in which all trading will be carried out in Euros. This poses a direct threat to the status of the U.S. dollar as the principal world reserve currency—and hence also to a trading system in which massive U.S. trade deficits are paid for with paper money whose accepted value resides, as Krassimir Petrov notes, in its being the currency in which international oil trades are denominated. (U.S. dollars are effectively exchangeable for oil in somewhat the same way that, prior to 1971, they were at least in theory exchangeable for gold.)

But not only is this planned aggression unconnected to any actual concern over Iranian nuclear weapons. There is in fact some reason to think that the preparations for it have involved deliberate violations by the Bush neo-conservatives of anti-proliferation protocols (and also, necessarily, of U.S. law), and that their long-term planning, in which Turkey’s consent to the aggression is a necessary part, has involved a deliberate transfer of nuclear weapons technology to Turkey as a part of the pay-off.

Prior to her public exposure by Karl Rove, Lewis ‘Scooter’ Libby, and other senior administration officials in July 2003, CIA agent Valerie Plame was reportedly involved in undercover anti-proliferation work focused on transfers of nuclear technology to Turkey that were being carried out by a network of crooked businessmen, arms dealers, and ‘rogue’ officials within the U.S. government. The leaking of Plame’s identity as a CIA agent was undoubtedly an act of revenge for her husband Joseph Wilson’s public revelation that one of the key claims used to legitimize the invasion of Iraq, Saddam Hussein’s supposed acquisition of uranium ore from Niger, was known by the Bush regime to be groundless. But Plame’s exposure also conveniently put an end to her investigative work. Some of the senior administration officials responsible for that crime of state have long-term diplomatic and military connections to Turkey, and all of them have been employed in what might be called (with a nod to ex-White House speechwriter David Frum) the Cheney-Bolton Axis of Aggression. Thanks to the courage and integrity of former FBI translator Sibel Edmonds, there is evidence dating from 2002 of high-level involvement in the subversion of FBI investigations into arms trafficking with Turkey. The leaking of Valerie Plame’s identity as a CIA agent may therefore have been not merely an act of revenge for her husband’s contribution to the delegitimizing of one war of aggression, but also a tactical maneuver in preparation for the next one.

George W. Bush made clear his aggressive intentions in relation to Iran in his 2002 State of the Union address; and his regime’s record on issues of nuclear proliferation has been, to put it mildly, equivocal. If, as seems plausible, Bush’s diplomats had been secretly arranging that Turkey’s reward for connivance in an attack on Iran should include its future admission into the charmed circle of nuclear powers, then the meddling interference of servants of the state who, like Plame and Edmonds, were putting themselves or at least their careers at risk in the cause of preventing nuclear weapons proliferation, was not to be tolerated.

The ironies are glaring. The U.S. government is contemplating an unprovoked attack upon Iran that will involve “pre-emptive” use of nuclear weapons against a non-nuclear-weapons-holding state. Although the pretext is that this is necessary to forestall nuclear weapons proliferation, there is evidence to suggest that planning for the attack has involved, very precisely, nuclear weapons proliferation by the United States.

It would appear that this sinister complex of criminality involves one further twist. There have been indications that the planned attack may be immediately preceded (and of course ‘legitimized’) by another 9/11-type event within the U.S.

Let us review these issues in sequence.

Plans for a conventional and ‘tactical’ nuclear attack on Iran

On August 1, 2005 Philip Giraldi, an ex-CIA agent and associate of Vincent Cannistraro (the former head of the CIA’s counter-intelligence operations and former intelligence director at the National Security Council), published an article entitled “Deep Background” in The American Conservative. The first section of this article carried the following headline: “In Washington it is hardly a secret that the same people in and around the administration who brought you Iraq are preparing to do the same for Iran.” I quote the first section of Giraldi’s article in its entirety:

“The Pentagon, acting under instructions from Vice President Dick Cheney’s office, has tasked the United States Strategic Command (STRATCOM) with drawing up a contingency plan to be employed in response to another 9/11-type terrorist attack on the United States. The plan includes a large-scale air assault on Iran employing both conventional and tactical nuclear weapons. Within Iran there are more than 450 major strategic targets, including numerous suspected nuclear-weapons-program development sites. Many of the targets are hardened or are deep underground and could not be taken out by conventional weapons, hence the nuclear option. As in the case of Iraq, the response is not conditional on Iran actually being involved in the act of terrorism directed against the United States. Several senior Air Force officers involved in the planning are reportedly appalled at the implications of what they are doing—that Iran is being set up for an unprovoked nuclear attack—but no one is prepared to damage his career by posing any objections.”

The implications of this report are breathtaking. First, it indicates on the part of the ruling Cheney faction within the American state a frank in-house acknowledgment that their often-repeated public claims of a connection between Saddam Hussein’s regime and the 9/11 attacks are the rubbish that informed people have long known them to be.

At a deeper level, it implies that “9/11-type terrorist attacks” are recognized in Cheney’s office and the Pentagon as appropriate means of legitimizing wars of aggression against any country selected for that treatment by the regime and its corporate propaganda-amplification system. (Though the implicit acknowledgment is shocking, the fact itself should come as no surprise, since recent research has shown that the Bush administration was deeply implicated not merely in permitting the attacks of September 11, 2001 to happen, but in actually organizing them: see Chossudovsky 2002: 51-63, 144-56; Chossudovsky 2005: 51-62, 135-46, 237-61; Griffin 2004: 127-46, 169-201; Griffin 2005: 115-35, 277-91; Marrs 134-37; and Ruppert 309-436.)

And finally, Giraldi’s report suggests that the recent U.S. development of comparatively low-yield nuclear weapons specifically designed to destroy hardened underground facilities, and the recent re-orientation of U.S. nuclear policy to include first-strike or pre-emptive nuclear attacks on non-nuclear powers, were both part of long-range planning for a war on Iran.

Articles published by William Arkin in the Washington Post in May and October 2005 reported on what the U.S. military’s STRATCOM calls CONPLAN 8022, a global plan for bombing and missile attacks involving “a nuclear option” anywhere in the world that was tested in an exercise that began on November 1, 2005; the scenario for this exercise scripted a dirty-bomb attack on Mobile, Alabama to which STRATCOM responded with nuclear and conventional strikes on an unnamed east-Asian country that was transparently meant for North Korea.

Jorge Hirsch has outlined the deployment of key administrative personnel and of ideological legitimations in preparation for a nuclear attack on Iran (Hirsch, 16 Dec. 2005). And Michel Chossudovsky has described the command structure that has been set up to implement STRATCOM’s current plans for preemptive ‘theatre’ nuclear warfare (see Chossudovsky 2006). But it must be emphasized that these plans, as tested in November 2005 in the exercise referred to by Arkin, involve the creation of an impression of what theorists of nuclear war call “proportionality.” An attack on Iran, which would presumably involve the use of significant numbers of extremely ‘dirty’ earth-penetrating nuclear bombs, might well be made to follow a dirty-bomb attack on the United States, which would be represented in the media as having been carried out by Iranian agents.

Yet as Giraldi indicates, although the bombing of Iran would follow and be represented as a response to “another 9/11-type terrorist attack on the United States,” the planned pattern involves a cynical separation of appearance from reality: “the response is not conditional on Iran actually being involved in [this] act of terrorism….”

Earth-Penetrator ‘dirty bombs

Talk about “low-yield” nuclear weapons, by the way, means simply that the most recent U.S. nuclear weapons can be set to detonate with much less than their maximum explosive force. The maximum power of the B61-11 earth-penetrating “bunker-buster” bomb ranges, by different accounts, from 300 to 340 or 400 kilotons (see Nelson; Hirsch, 9 Jan. 2006). (By way of comparison, the bomb dropped on Hiroshima in August, 1945, killing some 80,000 people outright, and a further 60,000 over the next several months due to radiation poisoning and other injuries, had a yield of 15 kilotons.) The lowest-yield setting of the BL61-11 is reportedly 0.3 kilotons—equivalent, that is to say, to the detonation of 300 tons of TNT.

But since these new weapons are designed as earth-penetrating “bunker-buster” rather than air-burst bombs, each one can be expected to produce large volumes of very ‘dirty’ radioactive fallout. Robert Nelson of the Federation of American Scientists writes that even at the low end of the B61-11 bomb’s yield range, “the nuclear blast will simply blow out a huge crater of radioactive material, creating a lethal gamma-radiation field over a large area.” The very intense local fallout will include both “radioactivity from the fission products” and also “large amounts of dirt and debris [that] has been exposed to the intense neutron flux from the nuclear detonation”; the blast cloud produced by such a bomb “typically consists of a narrow column and a broad base surge of air filled with radioactive dust which expands to a radius of over a mile for a 5 kiloton explosion.”

Yet wouldn’t the “tactical” and “low-yield” nature of these weapons mean that civilian casualties could be kept to a minimum? A study published in 2005 by the National Research Council on the Effects of Nuclear Earth-Penetrator and Other Weapons offers estimates of the casualties that could be caused by these weapons. According to Conclusion 6 of this report, an attack in or near a densely populated urban area could be expected, depending on the B61-11’s yield setting, to kill from several thousand to over a million people. An attack in a remote, lightly populated area might kill as few as several hundred people—or, with a high-yield setting and unfavourable winds, hundreds of thousands.

But what kinds of yield settings might the U.S. military want to use? Conclusion 5 of the NRC report might seem to suggest that genuinely low-yield settings might be possible: the yield required “to destroy a hard and deeply buried target is reduced by a factor of 15 to 25 by enhanced ground-shock coupling if the weapon is detonated a few meters below the surface.” Conclusion 2, however, is more sobering. To have a high probability of destroying a facility 200 metres underground, an earth-penetrating weapon with a yield of 300 kilotons would be required—that is to say, a weapon with twenty times the explosive power of the Hiroshima bomb. Extrapolating from the information the report provides, one might guess that a weapon in the 7-8 kiloton range—with half the power of the Hiroshima bomb—could be deployed against a facility like Natanz, the sensitive parts of which are buried 18 metres underground and protected by reinforced concrete (Beeston). A similar or smaller weapon might be used against the uranium fuel enrichment facility at Esfahan—a city of two million people which is also, by the way, a UNESCO World Heritage City.

The NRC report, it should be noted, was written by a committee, and one that on the issue of civilian casualties seems to have had some difficulty in making up its collective mind. Conclusion 4 of the report informs us that “For the same yield and weather conditions, the number of casualties from an earth-penetrator weapon detonated at a few meters depth is, for all practical purposes, equal to that from a surface burst of the same weapon yield.” But Conclusion 7 tells a different story: “For urban targets, civilian casualties from nuclear earth-penetrator weapons are reduced by a factor of 2 to 10 compared with those from a surface burst having 25 times the yield.”

The most charitable interpretation I can give to Conclusion 7 is that it was composed for a readership of arithmetical illiterates—who the authors assume will be unable to deduce that what is actually being said (assuming a linear relation between yield and casualties) is that an earth-penetrating weapon will cause from 2.5 to 12.5 times more casualties than a surface-burst weapon of the same explosive power.

In light of the fact that the NRC report was commissioned by the United States Congress, we can ourselves conclude that the U.S. government is contemplating, open-eyed, a war of aggression that American planners are fully aware will kill—at the very least—many tens of thousands, and perhaps many hundreds of thousands of civilians.
The pretexts

The principal reason being advanced for an attack upon Iran is the claim that Iran is on the verge of becoming a nuclear threat with the capacity and presumably the intention of launching nuclear ballistic-missile attacks upon Israel and even western Europe and the United States.

Iran does possess ballistic missiles, including the Shahab-3, which with a range of 1300 kilometers is capable of striking Israel, as well as U.S. forces throughout the Middle East. (Why Iran would dream of initiating military aggression against the U.S. or against Israel, which possesses an arsenal of some 200 nuclear warheads, together with multiple means of delivering them, including ballistic missiles, is not explained.)

A fear-mongering article published by The Guardian on January 4, 2006, included the information that the next generation of the Shahab missile “should be capable of reaching Austria and Italy.” The leading sentence of this same article declares that “The Iranian government has been successfully scouring Europe for the sophisticated equipment needed to develop a nuclear bomb, according to the latest western assessment of the country’s weapons programmes” (Cobain and Traynor). But neither this article nor a companion piece (Traynor and Cobain) published the same day provides any evidence that Iran actually has a nuclear weapons program, even though both articles were based upon a “report from a leading EU intelligence service,” a “55-page intelligence assessment, dated July 1 2005, [that] draws upon material gathered by British, French, German and Belgian agencies.”

There is in fact very good evidence, in the form of exhaustive inspections by the International Atomic Energy Agency since 2003, that Iran does not have and has never had any such program. As the physicist Gordon Prather wrote in September 2005, “after two years of go-anywhere, see-anything inspections, [the IAEA] has found no indication that any special nuclear materials or activities involving them are being—or have been—used in furtherance of a military purpose” (Prather, 27 Sept. 2005).

But what about intentions? The Guardian journalists inform us that “western leaders … have long refused to believe Tehran’s insistence that it is not interested in developing nuclear weapons and is only trying to develop nuclear power for electricity” (Cobain and Traynor). Perhaps it is time these “western leaders”—George W. Bush, Tony Blair, and whatever rag-tag and bob-tail of lesser luminaries they are dragging after them—began to attend to the facts.

A good place to start might be with William Beeman’s and Thomas Stauffer’s assessment of the physical evidence for an Iranian nuclear weapons program. (Stauffer, by the way, is a former nuclear engineer and specialist in Middle Eastern energy economics; Beeman directs Brown University’s Middle East Studies program; both have conducted research on Iran for three decades.) Beeman and Stauffer note that Iran has three principal nuclear facilities.

Of the first two, a uranium enrichment plant in Natanz and a deuterium research facility in Arak, they remark that “Neither is in operation. The only question of interest is whether these facilities offer a plausible route to the manufacture of plutonium-based nuclear bombs, and the short answer is: They do not.”

Beeman and Stauffer compare the third facility, the PWR pressurized “light-water” reactor under construction at Bushehr, with Israel’s heavy-water graphite-moderated plant at Dimona. The Bushehr reactor is designed to maximize power output through long fuel cycles of 30 to 40 months; it will produce plutonium isotopes (PU240, 241 and 242) that are “almost impossible to use in making bombs”; and “the entire reactor will have to shut down—a step that cannot be concealed from satellites, airplanes and other sources—in order to permit the extraction of even a single fuel pin.” Israel’s Dimona plant, in contrast, produces the bomb-making isotope PU239; moreover, it “can be re-fueled ‘on line,’ without shutting down. Thus, high-grade plutonium can be obtained covertly and continuously.”

Claims emanating from the U.S. State Department to the effect that Iran possesses uranium-enrichment centrifuges or covert plutonium-extraction facilities are dismissed by Beeman and Stauffer as implausible, since “the sources are either unidentified or are the same channels which disseminated the stories about Iraq’s non-conventional weapons or the so-called chemical and biological weapons plant in Khartoum.”

As Michael T. Klare remarks, the U.S. government’s “claim that an attack on Iran would be justified because of its alleged nuclear potential should invite widespread skepticism.” But skeptical intelligence appears to be the last thing one can expect from the corporate media, whose organs report without blinking Condoleezza Rice’s threat that “The world will not stand by if Iran continues on the path to a nuclear weapons capability” (see [Rice]), and George W. Bush’s equally inane declaration, following the IAEA’s vote to refer Iran to the UN Security Council, that “This important step sends a clear message to the regime in Iran that the world will not permit the Iranian regime to gain nuclear weapons” (see [Bush]).

There is much to be said about the sorry process of propagandizing, diplomatic bullying, and behind-the-scenes blackmail and arm-twisting within the IAEA and in other forums—all of it strongly reminiscent of the maneuverings of late 2002 and early 2003—that has led to the present situation, where in early March the Security Council will be called upon, as in the case of Iraq three years ago, to accept and legitimize the falsehoods on which the new war of aggression is to be based. The early stages of this process were lucidly analyzed by Siddharth Varadarajan in three fine articles in September 2005. Its more recent phases have been assessed by Gordon Prather in a series of articles published since mid-September 2005, and also, with equal scrupulousness and ethical urgency, by another well-informed physicist, Jorge Hirsch, who has been publishing essays on the subject since mid-October. I will not repeat here the analyses developed in their articles (the titles of which are included in the list of sources which follows this text). But Varadarajan’s recent summary judgment of the diplomatic process is worth quoting: “Each time it appeases Washington’s relentless pressure on Iran, the international community is being made to climb higher and higher up a ladder whose final rungs can only be sanctions and war. This is precisely the route the U.S. followed against Iraq in its quest to effect regime change there” (Varadarajan, 1 Feb. 2006).

It is also worth saying something, however briefly, about the media campaign that has accompanied the diplomatic preparations for war. This has included, since mid-2005, accusations that that Iran was involved in the terrorist attacks of 9/11, some of whose perpetrators are alleged (by members of the wholly discredited Kean Commission of inquiry into the events of 9/11) to have passed through Iran on their way to the U.S. (see Coman; Hirsch, 28 Dec. 2005; and also, if you believe The 9/11 Commission Report to have any credibility, Griffin 2005).

A more relevant accusation surfaced in November 2005, when the New York Times reported that senior U.S. intelligence officials had briefed IAEA Director-General Mohamed ElBaradei and his senior staff on information gleaned from a “stolen Iranian laptop computer” which they said demonstrated that Iran had developed nuclear weapons compact enough to fit onto its Shahab missiles. But as Gordon Prather wrote, “‘sources close to the IAEA’ said what they had been briefed on appeared to be aerodynamic design work for a ballistic missile reentry vehicle, which certainly couldn’t contain a nuke if the Iranians didn’t have any. Furthermore, according to David Albright, a sometime consultant to the IAEA, who has actually had access to the ‘stolen Iranian laptop,’ the information on it is all about reentry vehicles and ‘does not contain words such [as] ‘nuclear’ and ‘nuclear warhead’” (Prather, 23 Nov. 2005).

Sorry, boys: no biscuit.

And yet the object of the exercise was evidently not to persuade the IAEA people, who are not idiots, but rather to get the story into the amplification system of that Mighty Wurlitzer, the corporate media.

This strategy has evidently worked. The New York Times, for example, may have parted company with Judith Miller, the ‘star’ reporter whose sordid job was to serve as a conduit for Bush regime misinformation during the lead-up to the invasion of Iraq, but in Elaine Sciolino they have a reporter who is no less skilled in passing off neocon propaganda as fact (see Prather, 7 Jan. 2006). The New York Times also gave front-page space in mid-January to an article by Richard Bernstein and Stephen Weisman proposing “that Iran has restarted ‘research that could give it technology to create nuclear weapons’” (quoted by Whitney, 17 Jan. 2006). “Perhaps,” Mike Whitney suggests, “the NY Times knows something that the IAEA inspectors don’t? If so, they should step forward and reveal the facts.”

The key facts, as Whitney wrote on January 17, are that there is no evidence that Iran has either a nuclear weapons program or centrifuges with which to enrich uranium to weapons-grade concentration. “These are the two issues which should be given greatest consideration in determining whether or not Iran poses a real danger to its neighbors, and yet these are precisely the facts that are absent from the nearly 2,500 articles written on the topic in the last few days.” Add to these the further fact, noted above, that the August 2005 National Intelligence Estimate doubled the time American agencies thought Iran would need to manufacture “the key ingredient for a nuclear weapon” from the previous estimate of five years to a full decade.

Why then is the American public being incited to ever greater anxiety in the face of a weapons program which—on the paranoid and unproven assumption that it actually exists—is if anything a receding rather than a gathering threat?

Fox News has led the way among the non-print media in drum-beating and misinformation—to the extent, as Paul Craig Roberts observes, that a Fox/Opinion Dynamics poll can plausibly report “that 60% of Republicans, 41% of Independents, and 36% of Democrats support using air strikes and ground troops against Iran in order to prevent Iran from developing nuclear weapons.” Worse yet, an LA Times/Bloomberg poll apparently finds that 57% of the respondents “favor military intervention if Iran’s government pursues a program that would enable it to build nuclear arms.” Any civilian nuclear power program opens up this possibility (Canada, had it so desired, could have become a nuclear-weapons power forty years ago)—but the function of the nuclear Non-Proliferation Treaty is precisely to open the way to peaceful nuclear power generation while preventing the further dissemination of nuclear weapons. What the LA Times/Bloomberg poll therefore means, Roberts says, is that “if Iran exercises its rights under the non-proliferation treaty, 57% of Americans support a US military attack on Iran!”

Numbers like these suggest that George W. Bush will indeed get the new war he so desires. And it appears that he will get it soon. As Newt Gingrich declared on Fox News in late January, the matter is so urgent that the attack must happen within the next few months. “According to Gingrich, Iran not only cannot be trusted with nuclear technology, but also Iranians ‘cannot be trusted with their oil’” (Roberts).

The Euro-denominated Tehran Oil Bourse

Gingrich’s wording may sound faintly ludicrous. However, it would appear to be a slanting allusion to the fact that the Iranian government has announced plans to open an Iranian Oil Bourse in March 2006. This Bourse will be in direct competition with the New York Mercantile Exchange (NYMEX) and London’s International Petroleum Exchange (IPE)—and unlike them will do business not in U.S. dollars, but in euros. What Gingrich evidently means is that the Iranians cannot be trusted to market their oil and natural gas in a manner that continues to benefit the United States.

Peter Phillips and his colleagues in Project Censored explained very clearly in 2003 how the current U.S. dollar-denominated system of oil and gas marketing provides the U.S. with a highly advantageous system of exchange. In 1971, “President Nixon removed U.S. currency from the gold standard”:

“Since then, the world’s supply of oil has been traded in U.S. fiat dollars, making the dollar the dominant world reserve currency. Countries must provide the United States with goods and services for dollars—which the United States can freely print. To purchase energy and pay off any IMF debts, countries must hold vast dollar reserves. The world is attached to a currency that one country can produce at will. This means that in addition to controlling world trade, the United States is importing substantial quantities of goods and services for very low relative costs.” (Phillips)

As Krassimir Petrov has observed, this amounts to an indirect form of imperial taxation. Unlike previous empires, which extracted direct taxes from their subject-nations, the American empire has “distributed instead its own fiat currency, the U.S. Dollar, to other nations in exchange for goods with the intended consequence of inflating and devaluing those dollars and paying back later each dollar with less economic goods—the difference capturing the U.S. imperial tax.”

Oil, backed by military power, has provided the rest of the world with a reason for accepting depreciating U.S. dollars and holding ever-increasing amounts of them in reserve. Petrov remarks that in 1972-73 the U.S. made “an iron-clad arrangement with Saudi Arabia to support the power of the House of Saud in exchange for accepting only U.S. dollars for its oil. The rest of OPEC was to follow suit and accept only dollars. Because the world had to buy oil from the Arab oil countries, it had the reason to hold dollars as payment for oil. [….] Even though dollars could no longer be exchanged for gold, they were now exchangeable for oil” (Petrov).

But as Phillips notes, the economic reasons alone for switching to the euro as a reserve currency have been becoming steadily more persuasive: “Because of huge trade deficits, it is estimated that the dollar is currently [in late 2003] overvalued by at least 40 percent. Conversely, the euro-zone does not run huge deficits, uses higher interest rates, and has an increasingly larger share of world trade. As the euro establishes its durability and comes into wider use, the dollar will no longer be the world’s only option.” The result will be to make it “easier for other nations to exercise financial leverage against the United States without damaging themselves or the global financial system as a whole.”

Prior to the invasion of Iraq, several analysts suggested that one very obvious motive for that war was the fact that, beginning in November 2000, Iraq had insisted on payment in euros, not dollars, for its oil. In mid-2003, by which time the U.S. had made clear the intended terms of its occupation of Iraq, one such analyst, Coilin Nunan, remarked that it remained “just a theory” that American threats against Iraq had been made on behalf of the petro-dollar system—“but a theory that subsequent U.S. actions have done little to dispel: the U.S. has invaded Iraq and installed its own authority to rule the country, and as soon as Iraqi oil became available to sell on the world market, it was announced that payment would be in dollars only” (Phillips). William Clark writes, more directly, that the invasion was principally about “gaining strategic control over Iraq’s hydrocarbon reserves and in doing so maintain[ing] the US$ as the monopoly currency for the critical international oil market” (Clark, 28 Jan. 2006).

There is currently some debate over the extent to which U.S. war preparations against Iran are motivated by concern for the continued hegemony of the petrodollar (see Nunan). I find the analyses of William Clark and Krassimir Petrov persuasive.

Clark notes that an important obstacle to any major shift in the oil marketing system has been “the lack of a euro-denominated oil pricing standard, or oil ‘marker’ as it is referred to in the industry.” (The current “oil markers,” in relation to which other internationally traded oil is priced, are Norway Brent crude, West Texas Intermediate crude [WTI], and United Arab Emirates [UAE] Dubai crude—all of them U.S. dollar denominated.) In his opinion, “it is logical to assume the proposed Iranian bourse will usher in a fourth crude oil marker—denominated in the euro currency,” and will thus “remove the main technical obstacle for a broad-based petro-euro system for international oil trades.” This will have the effect of introducing “petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world—global oil and gas trades. In essence, the US will no longer be able to effortlessly expand credit via US Treasury bills, and the US$’s demand/liquidity value will fall” (Clark, 28 Jan. 2006).

An even partial loss of the U.S. dollar’s position as the dominant reserve currency for global energy trading would, as Petrov suggests, lead to a sharp decline in its value and an ensuing acceleration of inflation and upward pressure on interest rates, with unpleasant consequences. “At this point, the Fed will find itself between Scylla and Charybdis—between deflation and hyperinflation—it will be forced fast either to take its ‘classical medicine’ by deflating, whereby it raises interest rates, thus inducing a major economic depression, a collapse in real estate, and an implosion in bond, stock, and derivative markets […], or alternatively, to take the Weimar way out by inflating, […] drown[ing] the financial system in liquidity […] and hyperinflating the economy.”

Any attempt, on the other hand, to preserve what Mike Whitney calls the “perfect pyramid-scheme” of America’s currency monopoly (Whitney, 23 Jan. 2006) by means of military aggression against Iran is likely to result in equal or greater disruptions to the world economy. American military aggression, which might conceivably include attempts to occupy Iran’s oil-producing Khuzestan province and the coastline along the Straits of Hormuz (see Pilger), will not just have appalling consequences for civilians throughout the region; it may also place American forces into situations still more closely analogous than the present stage of Iraqi resistance to the situation produced in Lebanon by Israel’s invasion of that country—which ended in 2000 with Israel’s first military defeat (see Salama and Ruster).
The involvement of Turkey

One significant difference between the warnings of a coming war circulating in early 2005 and those which have appeared in recent months is the current evidence of feverish diplomatic activity between Washington and Ankara. The NATO powers have evidently been co-opted into Washington’s war plans: the so-called EU-3 (France, Germany, and Britain) presented Iran with a negotiating position on the nuclear fuel cycle for Iran’s power plants that seemed designed to produce an indignant refusal. (As Aijaz Ahmad writes, the European group “was not negotiating; it was relaying to Iran, and to all and sundry, what the U.S. was demanding and threatening to report Iran to the Security Council if the latter did not comply. Everyone knows that Iran had closed its Isphahan facility voluntarily, as a confidence-building measure, expecting some reciprocity, and then re-opened it, in retaliation, after having waited for reciprocity for many months and not getting it—indeed, receiving only escalated demands.”)

But according to the well-connected Jürgen Gottslich, writing in Der Spiegel in late December, Iran was not discussed during the new German Defense Minister Franz Josef Jung’s recent visit to Washington. Gottslich wrote that “the speculation surrounding an American strike against Iran centers more on developments in Turkey. There has been a definite surge in visits to Ankara by high-ranking National Security personnel from the U.S. and by NATO officials. Within the space of just a few days, FBI Director Robert Mueller, [CIA] Director [Porter] Goss and then NATO Secretary General Jaap de Hoop Scheffer visited Turkey.” Condoleezza Rice also flew to Turkey immediately after her December trip to Berlin.

The aim of these visits has quite obviously been to bring Turkey into line with a planned attack on Iran. As Gottslich writes, “On his Istanbul visit, Goss is alleged to have given Turkish security services three dossiers that prove Iranian cooperation with al-Qaeda. In addition, there was a fourth dossier focusing on the current state of Iran’s nuclear weapons program.”

But why, beyond the obvious fact of Turkey’s shared border with Iran, should Turkey be such an important factor in American war plans? The answer is suggested by an article published by an American academic, Robert Olson, in the June 2002 issue of Middle East Policy. According to Noam Chomsky, Olson “reports that 12 percent of Israel’s offensive aircraft are to be ‘permanently stationed in Turkey’ and have been ‘flying reconnaissance flights along Iran’s border,’ signaling to Iran ‘that it would soon be challenged elsewhere by Turkey and its Israeli and American allies’” (Chomsky 159). These Israeli aircraft would evidently take part in any American and Israeli aerial attack on Iran, and Turkish consent would no doubt be necessary for their use in such an act.

What advantages might Turkey hope to gain from its consent? The collaboration of Britain, France and Germany in the cranking up of diplomatic pressure on Iran might suggest that Turkey’s much-desired admission to the European Union could have been held out as one carrot—possibly with the argument that participation in an attack on a fundamentalist Islamic state could be one way of calming European fears over the entry of a Muslim nation into the Union. An equally persuasive advantage may have been a secret promise of future admission to the select group of nuclear powers.

Christopher Deliso has assembled evidence both of Turkey’s persistent involvement in the smuggling and production of nuclear weapons technology, including centrifuge components and triggering devices (Deliso, 21 Nov. 2005)—and also of the very interesting fact that the key administration officials involved in the outing of Valerie Plame, who was investigating these murky operations, included people, among them Marc Grossman, former U.S. ambassador to Turkey, who give every appearance of having been centrally involved in the very network of nuclear arms proliferation that the CIA was working to uncover (Deliso, 24 Nov. 2005). Even when supplemented by Sibel Edmonds’ indications of high-level collaboration in the frustration by Turkish agents of the FBI’s parallel investigations of what appears to be the same network, the evidence remains at best suppositious. And yet despite the inaccessibility of details—which will no doubt remain inaccessible for as long as Dick Cheney, John Bolton and the rest retain the power to frustrate investigations into the activities of their close associates and subordinates—the larger pattern is, to say the least, intriguing. The same highly-placed neoconservatives who have been crying wolf over Iran’s non-existent nuclear weapons appear to have been deeply—and lucratively—involved in the trafficking of restricted and forbidden weapons technology into Turkey.

Should this pattern turn out indeed to involve corruption, hypocrisy, and treachery on the grand scale that Deliso’s investigative reporting would suggest, is there any reason one should be surprised?

What else, to be frank, would you expect from people such as these?


Global Research Contributing Editor Michael Keefer is Associate Professor of English at the University of Guelph. He is a former President of the Association of Canadian College and University Teachers of English. His recent writings include a series of articles on electoral fraud in the 2004 US presidential election published by the Centre for Research on Globalization.

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alan
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US Dollar Crisis on the Horizon

Message par alan » 12 févr. 2006, 02:53

Iran's euro-denominated oil bourse to open in March: US Dollar Crisis on the Horizon

By William R. Clark February 10, 2006

"A successful Iranian bourse will solidify the petroeuro as an alternative oil transaction currency, and thereby end the petrodollar's hegemonic status as the monopoly oil currency. Therefore, a graduated approach is needed to avoid precipitous U.S. economic dislocations."

"This notion that the United States is getting ready to attack Iran is simply ridiculous... Having said that, all options are on the table."
-- George W. Bush, February 2005


William R. Clark writes:


Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity.

Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran's nuclear intentions, and likely include a proposed Iranian "petroeuro" system for oil trade.

Similar to the Iraq war, military operations against Iran relate to the macroeconomics of 'petrodollar recycling' and the unpublicized but real challenge to US$ supremacy from the euro as an alternative oil transaction currency.

It is now obvious the invasion of Iraq had less to do with any threat from Saddam's long-gone WMD program and certainly less to do to do with fighting International terrorism than it has to do with gaining strategic control over Iraq's hydrocarbon reserves and in doing so maintain the US$ as the monopoly currency for the critical international oil market.

Throughout 2004, information provided by former administration insiders revealed the Bush/Cheney administration entered into office with the intention of toppling Saddam.[1][2] Candidly stated, 'Operation Iraqi Freedom' was a war designed to install a pro-US government in Iraq, establish multiple US military bases before the onset of global 'Peak Oil,' and to reconvert Iraq back to petrodollars while hoping to thwart further OPEC momentum towards the euro as an alternative oil transaction currency ( i.e. "petroeuro").[3] However, subsequent geopolitical events have exposed neoconservative strategy as fundamentally flawed, with Iran moving towards a petroeuro system for international oil trades, while Russia evaluates this option with the European Union.

In 2003, the global community witnessed a combination of petrodollar warfare and oil depletion warfare. The majority of the world's governments -- especially the EU, Russia and China -- were not amused -- and neither are the U.S. soldiers who are currently stationed inside a hostile Iraq.

In 2002, I wrote an award-winning online essay that asserted Saddam Hussein sealed his fate when he announced on September 2000 that Iraq was no longer going to accept dollars for oil being sold under the UN's Oil-for-Food program, and decided to switch to the euro as Iraq's oil export currency.[4]

Indeed, my original pre-war hypothesis was validated in a Financial Times article dated June 5, 2003, which confirmed Iraqi oil sales returning to the international markets were once again denominated in US$ ... not euros.

The tender, for which bids are due by June 10, switches the transaction back to dollars -- the international currency of oil sales -- despite the greenback's recent fall in value.

Saddam Hussein in 2000 insisted Iraq's oil be sold for euros, a political move, but one that improved Iraq's recent earnings thanks to the rise in the value of the euro against the dollar. [5]

The Bush administration implemented this currency transition despite the adverse impact on profits from Iraqi's export oil sales.[6] (In mid-2003 the euro was valued approx. 13% higher than the dollar, and thus significantly impacted the ability of future oil proceeds to rebuild Iraq's infrastructure). Not surprisingly, this detail has never been mentioned in the five US major media conglomerates who control 90% of information flow in the US, but confirmation of this vital fact provides insight into one of the crucial -- yet overlooked -- rationales for 2003 the Iraq war.

Concerning Iran, recent articles have revealed active Pentagon planning for operations against its suspected nuclear facilities. While the publicly stated reasons for any such overt action will be premised as a consequence of Iran's nuclear ambitions, there are again unspoken macroeconomic drivers underlying the second stage of petrodollar warfare – Iran's upcoming oil bourse. (The word bourse refers to a stock exchange for securities trading, and is derived from the French stock exchange in Paris, the Federation Internationale des Bourses de Valeurs.)

In essence, Iran is about to commit a far greater "offense" than Saddam Hussein's conversion to the euro for Iraq's oil exports in the fall of 2000.

Beginning in March 2006, the Tehran government has plans to begin competing with New York's NYMEX and London's IPE with respect to international oil trades – using a euro-based international oil-trading mechanism.[7] The proposed Iranian oil bourse signifies that without some sort of US intervention, the euro is going to establish a firm foothold in the international oil trade. Given US debt levels and the stated neoconservative project of US global domination, Tehran's objective constitutes an obvious encroachment on dollar supremacy in the crucial international oil market.

From the autumn of 2004 through August 2005, numerous leaks by concerned Pentagon employees have revealed that the neoconservatives in Washington are quietly -- but actively -- planning for a possible attack against Iran.

In September 2004 Newsweek reported:

Deep in the Pentagon, admirals and generals are updating plans for possible US. military action in Syria and Iran. The Defense Department unit responsible for military planning for the two troublesome countries is "busier than ever," an administration official says. Some Bush advisers characterize the work as merely an effort to revise routine plans the Pentagon maintains for all contingencies in light of the Iraq war. More skittish bureaucrats say the updates are accompanied by a revived campaign by administration conservatives and neocons for more hard-line US policies toward the countries…'

…administration hawks are pinning their hopes on regime change in Tehran – by covert means, preferably, but by force of arms if necessary. Papers on the idea have circulated inside the administration, mostly labeled "draft" or "working draft" to evade congressional subpoena powers and the Freedom of Information Act. Informed sources say the memos echo the administration's abortive Iraq strategy: oust the existing regime, swiftly install a pro-US government in its place (extracting the new regime's promise to renounce any nuclear ambitions) and get out. This daredevil scheme horrifies U.S. military leaders, and there's no evidence that it has won any backers at the cabinet level. [8]

Indeed, there are good reasons for US military commanders to be 'horrified' at the prospects of attacking Iran. In the December 2004 issue of the Atlantic Monthly, James Fallows reported that numerous high-level war-gaming sessions had recently been completed by Sam Gardiner, a retired Air Force colonel who has run war games at the National War College for the past two decades.[9] Col. Gardiner summarized the outcome of these war games with this statement, "After all this effort, I am left with two simple sentences for policymakers: You have no military solution for the issues of Iran. And you have to make diplomacy work."

Despite Col. Gardiner's warnings, yet another story appeared in early 2005 that reiterated this administration's intentions towards Iran. Investigative reporter Seymour Hersh's article in The New Yorker included interviews with various high-level US intelligence sources.

Hersh wrote: In my interviews [with former high-level intelligence officials], I was repeatedly told that the next strategic target was Iran. Everyone is saying, 'You can't be serious about targeting Iran. Look at Iraq,' the former [CIA] intelligence official told me. But the [Bush administration officials] say, 'We've got some lessons learned -- not militarily, but how we did it politically. We're not going to rely on agency pissants.' No loose ends, and that's why the CIA is out of there. [10]

The most recent, and by far the most troubling, was an article in The American Conservative by intelligence analyst Philip Giraldi. His article, "In Case of Emergency, Nuke Iran," suggested the resurrection of active US military planning against Iran -- but with the shocking disclosure that in the event of another 9/11-type terrorist attack on US soil, Vice President Dick Cheney's office wants the Pentagon to be prepared to launch a potential tactical nuclear attack on Iran -- even if the Iranian government was not involved with any such terrorist attack against the US:

The Pentagon, acting under instructions from Vice President Dick Cheney's office, has tasked the United States Strategic Command (STRATCOM) with drawing up a contingency plan to be employed in response to another 9/11-type terrorist attack on the United States. The plan includes a large-scale air assault on Iran employing both conventional and tactical nuclear weapons. Within Iran there are more than 450 major strategic targets, including numerous suspected nuclear-weapons-program development sites. Many of the targets are hardened or are deep underground and could not be taken out by conventional weapons, hence the nuclear option. As in the case of Iraq, the response is not conditional on Iran actually being involved in the act of terrorism directed against the United States. Several senior Air Force officers involved in the planning are reportedly appalled at the implications of what they are doing -- that Iran is being set up for an unprovoked nuclear attack -- but no one is prepared to damage his career by posing any objections. [11]

Why would the Vice President instruct the US military to prepare plans for what could likely be an unprovoked nuclear attack against Iran?

Setting aside the grave moral implications for a moment, it is remarkable to note that during the same week this "nuke Iran" article appeared, the Washington Post reported that the most recent National Intelligence Estimate (NIE) of Iran's nuclear program revealed that, "Iran is about a decade away from manufacturing the key ingredient for a nuclear weapon, roughly doubling the previous estimate of five years."[12] This article carefully noted this assessment was a "consensus among US intelligence agencies, [and in] contrast with forceful public statements by the White House."

The question remains: Why would the Vice President advocate a possible tactical nuclear attack against Iran in the event of another major terrorist attack against the US ... even if Tehran was innocent of involvement?

Perhaps one of the answers relates to the same obfuscated reasons why the US launched an unprovoked invasion to topple the Iraq government ... macroeconomics and the desperate desire to maintain US economic supremacy.

In essence, petrodollar hegemony is eroding, which will ultimately force the US to significantly change its current tax, debt, trade, and energy policies, all of which are severely unbalanced. World oil production is reportedly "flat out," and yet the neoconservatives are apparently willing to undertake huge strategic and tactical risks in the Persian Gulf. Why? Quite simply ... their stated goal is US global domination ... at any cost.

To date, one of the more difficult technical obstacles concerning a euro-based oil transaction trading system is the lack of a euro-denominated oil pricing standard, or oil 'marker' as it is referred to in the industry. The three current oil markers are US dollar denominated, which include the West Texas Intermediate crude (WTI), Norway Brent crude, and the UAE Dubai crude. However, since the summer of 2003, Iran has required payments in the euro currency for its European and Asian/ACU exports ... although the oil pricing these trades was still denominated in the dollar.[13]

Therefore a potentially significant news story was reported in June 2004 announcing Iran's intentions to create of an Iranian oil bourse. This announcement portended competition would arise between the Iranian oil bourse and London's International Petroleum Exchange (IPE), as well as the New York Mercantile Exchange (NYMEX). [Both the IPE and NYMEX are owned by US consortium, and operated by an Atlanta-based corporation, IntercontinentalExchange, Inc.]

The macroeconomic implications of a successful Iranian bourse are noteworthy. Considering that in mid-2003 Iran switched its oil payments from EU and ACU customers to the euro, and thus it is logical to assume the proposed Iranian bourse will usher in a fourth crude oil marker -- denominated in the euro currency. This event would remove the main technical obstacle for a broad-based petroeuro system for international oil trades. From a purely economic and monetary perspective, a petroeuro system is a logical development given that the European Union imports more oil from OPEC producers than does the US, and the EU accounted for 45% of exports sold to the Middle East. (Following the May 2004 enlargement, this percentage likely increased).

Despite the complete absence of coverage from the five US corporate media conglomerates, these foreign news stories suggest one of the Federal Reserve's nightmares may begin to unfold in the spring of 2006, when it appears that international buyers will have a choice of buying a barrel of oil for US$60 on the NYMEX and IPE ... or purchase a barrel of oil for €45-€50 euros via the Iranian Bourse. This assumes the euro maintains its current 20-25% appreciated value relative to the dollar ... and assumes that some sort of US "intervention" is not launched against Iran. The upcoming bourse will introduce petrodollar versus petroeuro currency hedging, and fundamentally new dynamics to the biggest market in the world -- global oil and gas trades. In essence, the US will no longer be able to effortlessly expand credit via US Treasury bills, and the US$'s demand/liquidity value will fall.

It is unclear at the time of writing if this project will be successful, or could it prompt overt or covert US interventions ... thereby signaling the second phase of petrodollar warfare in the Middle East.

Regardless of the potential US response to an Iranian petroeuro system, the emergence of an oil exchange market in the Middle East is not entirely surprising given the domestic peaking and decline of oil exports in the US and UK, in comparison to the remaining oil reserves in Iran, Iraq and Saudi Arabia. What we are witnessing is a battle for oil currency supremacy.

If Iran's oil bourse becomes a successful alternative for international oil trades, it would challenge the hegemony currently enjoyed by the financial centers in both London (IPE) and New York (NYMEX), a factor not overlooked in the following (UK) Guardian article:

Iran is to launch an oil trading market for Middle East and Opec producers that could threaten the supremacy of London's International Petroleum Exchange.

…Some industry experts have warned the Iranians and other OPEC producers that western exchanges are controlled by big financial and oil corporations, which have a vested interest in market volatility.

The IPE, bought in 2001 by a consortium that includes BP, Goldman Sachs and Morgan Stanley, was unwilling to discuss the Iranian move yesterday. "We would not have any comment to make on it at this stage," said an IPE spokeswoman. [14]

During an important speech in April 2002, Mr. Javad Yarjani, an OPEC executive, described three pivotal events that would facilitate an OPEC transition to euros.[15] He stated this would be based on

(1) if and when Norway's Brent crude is re-dominated in euros,

(2) if and when the U.K. adopts the euro, and

(3) whether or not the euro gains parity valuation relative to the dollar, and the EU's proposed expansion plans were successful.

Notably, both of the later two criteria have transpired: the euro's valuation has been above the dollar since late 2002, and the euro-based EU enlarged in May 2004 from 12 to 22 countries. Despite recent "no" votes by French and Dutch voters regarding a common EU Constitution, from a macroeconomic perspective, these domestic disagreements do no reduce the euro currency's trajectory in the global financial markets ... and from Russia and OPEC's perspective ... do not adversely impact momentum towards a petroeuro.

In the meantime, the UK remains uncomfortably juxtaposed between the financial interests of the US banking nexus (New York/Washington) and the EU financial centers (Paris/Frankfurt).
The most recent news reports indicate the oil bourse will start trading on March 20, 2006, coinciding with the Iranian New Year.[16] The implementation of the proposed Iranian oil Bourse – if successful in utilizing the euro as its oil transaction currency standard -- essentially negates the previous two criteria as described by Mr. Yarjani regarding the solidification of a petroeuro system for international oil trades.

It should also be noted that, throughout 2003-2004, both Russia and China significantly increased their central bank holdings of the euro, which appears to be a coordinated move to facilitate the anticipated ascendance of the euro as a second World Reserve Currency. [17] [18] China's announcement in July 2005 that is was re-valuing the yuan/RNB was not nearly as important as its decision to divorce itself form a U.S. dollar peg by moving towards a "basket of currencies" -- likely to include the yen, euro, and dollar.[19] Additionally, the Chinese re-valuation immediately lowered their monthly imported "oil bill" by 2%, given that oil trades are still priced in dollars, but it is unclear how much longer this monopoly arrangement will last.

Furthermore, the geopolitical stakes for the Bush administration were raised dramatically on October 28, 2004, when Iran and China signed a huge oil and gas trade agreement (valued between $70-$100 billion dollars.) [20]

It should also be noted that China currently receives 13% of its oil imports from Iran. In the aftermath of the Iraq invasion, the US-administered Coalition Provisional Authority (CPA) nullified previous oil lease contracts from 1997-2002 that France, Russia, China and other nations had established under the Saddam regime. The nullification of these contracts worth a reported $1.1 trillion created political tensions between the US and the European Union, Russia and China. The Chinese government may fear the same fate awaits their oil investments in Iran if the US were able to attack and topple the Tehran government. Despite US desires to enforce petrodollar hegemony, the geopolitical risks of an attack on Iran's nuclear facilities would surely create a serious crisis between Washington and Beijing.

It is increasingly clear that a confrontation and possible war with Iran may transpire during the second Bush term.

Clearly, there are numerous tactical risks regarding neoconservative strategy towards Iran. First, unlike Iraq, Iran has a robust military capability. Secondly, a repeat of any "Shock and Awe" tactics is not advisable given that Iran has installed sophisticated anti-ship missiles on the Island of Abu Musa, and therefore controls the critical Strait of Hormuz – where all of the Persian Gulf bound oil tankers must pass.[22]

The immediate question for Americans?

Will the neoconservatives attempt to intervene covertly and/or overtly in Iran during 2005 or 2006 in a desperate effort to prevent the initiation of euro-denominated international crude oil sales?

Commentators in India are quite correct in their assessment that a US intervention in Iran is likely to prove disastrous for the United States, making matters much worse regarding international terrorism, not to the mention potential effects on the US economy.

…If it [ US] intervenes again, it is absolutely certain it will not be able to improve the situation…There is a better way, as the constructive engagement of Libya's Colonel Muammar Gaddafi has shown...Iran is obviously a more complex case than Libya, because power resides in the clergy, and Iran has not been entirely transparent about its nuclear program, but the sensible way is to take it gently, and nudge it to moderation. Regime change will only worsen global Islamist terror, and in any case, Saudi Arabia is a fitter case for democratic intervention, if at all. [21]

A successful Iranian bourse will solidify the petroeuro as an alternative oil transaction currency, and thereby end the petrodollar's hegemonic status as the monopoly oil currency. Therefore, a graduated approach is needed to avoid precipitous US economic dislocations.

Multilateral compromise with the EU and OPEC regarding oil currency is certainly preferable to an 'Operation Iranian Freedom,' or perhaps another CIA-backed coup such as operation "Ajax" from 1953.

Despite the impressive power of the US military, and the ability of our intelligence agencies to facilitate 'interventions,' it would be perilous and possibly ruinous for the US to intervene in Iran given the dire situation in Iraq. The Monterey Institute of International Studies warned of the possible consequences of a preemptive attack on Iran's nuclear facilities:

An attack on Iranian nuclear facilities … could have various adverse effects on US interests in the Middle East and the world. Most important, in the absence of evidence of an Iranian illegal nuclear program, an attack on Iran's nuclear facilities by the US or Israel would be likely to strengthen Iran's international stature and reduce the threat of international sanctions against Iran. [23]

Synopsis:

It is not yet clear if a US military expedition will occur in a desperate attempt to maintain petrodollar supremacy. Regardless of the recent National Intelligence Estimate that down-played Iran's potential nuclear weapons program, it appears increasingly likely the Bush administration may use the specter of nuclear weapon proliferation as a pretext for an intervention, similar to the fears invoked in the previous WMD campaign regarding Iraq.

If recent stories are correct regarding Cheney's plan to possibly use a another 9/11 terrorist attack as the pretext or casus belli for a US aerial attack against Iran, this would confirm the Bush administration is prepared to undertake a desperate military strategy to thwart Iran's nuclear ambitions, while simultaneously attempting to prevent the Iranian oil Bourse from initiating a euro-based system for oil trades.

However, as members of the UN Security Council; China, Russia and EU nations such as France and Germany would likely veto any US-sponsored UN Security Resolution calling the use of force without solid proof of Iranian culpability in a major terrorist attack.
A unilateral US military strike on Iran would isolate the US government in the eyes of the world community, and it is conceivable that such an overt action could provoke other industrialized nations to strategically abandon the dollar en masse.

Indeed, such an event would create pressure for OPEC or Russia to move towards a petroeuro system in an effort to cripple the US economy and its global military presence.

I refer to this in my book as the "rogue nation hypothesis."

While central bankers throughout the world community would be extremely reluctant to 'dump the dollar,' the reasons for any such drastic reaction are likely straightforward from their perspective -- the global community is dependent on the oil and gas energy supplies found in the Persian Gulf.

Hence, industrialized nations would likely move in tandem on the currency exchange markets in an effort to thwart the neoconservatives from pursuing their desperate strategy of dominating the world's largest hydrocarbon energy supply. Any such efforts that resulted in a dollar currency crisis would be undertaken -- not to cripple the US$ and economy as punishment towards the American people per se -- but rather to thwart further unilateral warfare and its potentially destructive effects on the critical oil production and shipping infrastructure in the Persian Gulf.

Barring a US attack, it appears imminent that Iran's euro-denominated oil bourse will open in March 2006.

Logically, the most appropriate US strategy is compromise with the EU and OPEC towards a dual-currency system for international oil trades.

Of all the enemies to public liberty war is, perhaps, the most to be dreaded because it comprises and develops the germ of every other. War is the parent of armies; from these proceed debts and taxes...known instruments for bringing the many under the domination of the few … No nation could preserve its freedom in the midst of continual warfare. -- James Madison, Political Observations, 1795
This article appeared on January 28th on http://www.vheadline.com

Footnotes:

[1]. Ron Suskind, The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O' Neill, Simon & Schuster publishers (2004)
[2]. Richard A. Clarke, Against All Enemies: Inside America's War on Terror, Free Press (2004)
[3]. William Clark, "Revisited - The Real Reasons for the Upcoming War with Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth," January 2003 (updated January 2004)
[4]. Peter Philips, Censored 2004, The Top 25 Censored News Stories, Seven Stories Press, (2003) Story #19: U.S. Dollar vs. the Euro: Another Reason for the Invasion of Iraq
[5]. Carol Hoyos and Kevin Morrison, "Iraq returns to the international oil market," Financial Times, June 5, 2003
[6]. Faisal Islam, "Iraq nets handsome profit by dumping dollar for euro," [UK] Guardian, February 16, 2003
[7]. "Oil bourse closer to reality," IranMania.com, December 28, 2004. Also see: "Iran oil bourse wins authorization," Tehran Times, July 26, 2005
[8]. "War-Gaming the Mullahs: The U.S. weighs the price of a pre-emptive strike," Newsweek, September 27 issue, 2004.
[9]. James Fallows, 'Will Iran be Next?,' Atlantic Monthly, December 2004, pgs. 97 – 110
[10]. Seymour Hersh, "The Coming Wars," The New Yorker, January 24th – 31st issue, 2005, pgs. 40-47
[11]. Philip Giraldi, "In Case of Emergency, Nuke Iran," American Conservative, August 1, 2005
[12]. Dafina Linzer, "Iran Is Judged 10 Years From Nuclear Bomb U.S. Intelligence Review Contrasts With Administration Statements," Washington Post, August 2, 2005; Page A01
[13]. C. Shivkumar, "Iran offers oil to Asian union on easier terms," The Hindu Business Line (June 16, ` 2003)
[14]. Terry Macalister, "Iran takes on west's control of oil trading," The [UK] Guardian, June 16, 2004
[15]. "The Choice of Currency for the Denomination of the Oil Bill," Speech given by Javad Yarjani, Head of OPEC's Petroleum Market Analysis Dept, on The International Role of the Euro (Invited by the Spanish Minister of Economic Affairs during Spain's Presidency of the EU) (April 14, 2002, Oviedo, Spain)
[16]. "Iran's oil bourse expects to start by early 2006," Reuters, October 5, 2004
[17]. "Russia shifts to euro as foreign currency reserves soar," AFP, June 9, 2003
[18]. "China to diversify foreign exchange reserves," China Business Weekly, May 8, 2004
[19]. Richard S. Appel, "The Repercussions from the Yuan's Revaluation," kitco.com, July 27, 2005
[20]. China, Iran sign biggest oil & gas deal,' China Daily, October 31, 2004.
[21]. "Terror & regime change: Any US invasion of Iran will have terrible consequences," News Insight: Public Affairs Magazine, June 11, 2004
[22]. Analysis of Abu Musa Island
[23]. Sammy Salama and Karen Ruster, "A Preemptive Attack on Iran's Nuclear Facilities: Possible Consequences," Monterry Institute of International Studies, August 12, 2004 (updated September 9, 2004)

Disclaimer: The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Centre for Research on Globalization.


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Huile de Roche
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Message par Huile de Roche » 12 févr. 2006, 10:11

c'est exactement ce que j'avais posté avant la remarque d'energy_isere "patati patata" en haut de cette page
et effectivement quand on cherche un peu Alan... :-D

je reposte donc le lien (cf mon post fin de page 10) ... j'avais préféré ne pas copié coller l'article ici c'était trop long

http://www.globalresearch.ca/index.php? ... cleId=1937

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Message par energy_isere » 12 févr. 2006, 22:49

allez, avouez ! Qui a lu les deux articles précedents de Alan ?
J'ai une indigestion avant de commencer. Pas trés courageux ce weekend.

kouack
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Message par kouack » 12 févr. 2006, 23:17

...
Dernière modification par kouack le 18 avr. 2008, 15:16, modifié 1 fois.

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Message par Djian » 14 févr. 2006, 09:03

En v'là un qui a déjà fait son choix....

La Syrie préfère l'euro
Le Soir en ligne
lundi 13 février 2006, 14:43

Le gouvernement syrien a décidé d'adopter l'euro à la place du dollar dans les transactions publiques, dans une mesure préventive au cas où les Etats-Unis appliqueraient des sanctions contre la Syrie.

"Tous les ministères et les compagnies publiques devront désormais adopter l'euro à la place du dollar pour le remboursement des sommes dues par les organismes de l'Etat aux parties étrangères", affirme une circulaire adoptée par le Premier ministre Mohammad Naji Otri. "L'euro remplacera le dollar également pour les contrats d'import-export", indique la circulaire.

Le président directeur général de la Banque commerciale de Syrie, Doreid Dargham, cité par le journal, a jugé cette décision importante et nécessaire au moment où la partie américaine profère des menaces contre la Syrie qui pourraient compliquer les opérations
bancaires entre la Syrie et les pays européens. Il s'agit d'une mesure préventive, car actuellement il n'existe pas de difficultés en ce sens, déclare M. Dargham.

Depuis mai 2004, la Syrie est sous le coup de sanctions économiques américaines qui lui interdisent notamment l'importation de produits américains autres que la nourriture et les médicaments.

Washington accuse Damas de soutenir le terrorisme et de saper les efforts américains pour stabiliser et reconstruire l'Irak.


(D'après Belga)
What a wonderful world

fabinoo

Message par fabinoo » 14 févr. 2006, 12:48

Putain, déconnez pas, je commence des cours d'Arabe aujourd'hui au Centre culture Syrien, faut pas qu'ils se fassent bombarder avant le mois de juin.

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Message par Djian » 14 févr. 2006, 14:33

Ha, si tu comptes partir là-bas pense p-e à investir dans un casque, un kevlar,.... :-D et surtout, stay tuned avec Oleocene, tu serais notre envoyé spécial là-bas en qq sortes :smt024
What a wonderful world

fabinoo

Message par fabinoo » 14 févr. 2006, 19:50

Non, c'est à Paris, mais si les américains déclenchent des bombardements là-bas, ils sont bien capables de supprimer les cours. Mais je peux être l'envoyé spécial au centre culturel syrien de Paris.

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Rupture systémique globale

Message par Birdy » 20 févr. 2006, 21:14

Voilà une petite analyse apocalyptique renforcant la thèse de la rupture systémique globale :
http://www.europe2020.org/fr/section_global/150206.htm
La mer monte mais le niveau baisse

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Message par Tiennel » 20 févr. 2006, 21:17

:shock:
Déjà posté sur le fil qui s'appelle justement rupture systémique globale

On attribue à Goebbels, le Nazi Propagandist, cette maxime : répète un mensonge cent fois et il deviendra vérité :?
Méfiez-vous des biais cognitifs

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Message par Birdy » 20 févr. 2006, 21:32

Bravo, pour mon premier post :-(
La mer monte mais le niveau baisse

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