Where is my goddam Iranian Oil Bourse, ETS?? (732 hits)
Category: NoneRating: 0.67 on 15 reviews (Rate this item) (V)
Submitted by JonnyX (View user info) at 2008-02-20 17:04:11 EST
WHERE IS IT?????????????????????????????
User Reviews
Submitted by stone8946 (user info) at 2008-02-22 04:36:45 EST (#)
Ranking: -2
No Comment
Submitted by BubbaEarl (user info) at 2008-02-21 15:55:35 EST (#)
Ranking: 1
ha
i kinda miss the dude's participation around here.
Submitted by CaptainThorns (user info) at 2008-02-21 09:16:17 EST (#)
Ranking: -2
No Comment
Submitted by woolfe (user info) at 2008-02-21 08:10:08 EST (#)
Ranking: 0
Iran opens its 1st oil products bourse
TEHRAN, Iran (AP) - Iran established its first oil products bourse Sunday in a free trade zone on the Persian Gulf Island of Kish, the country's oil ministry said.
A statement posted on the ministry's Web site said 100 tons of polyethylene consignment was traded at the market's opening on the island, which houses the offices of about 100 Iranian and foreign oil companies.
Oil and petrochemical products will be traded in Iranian Rials, as well as all other hard currencies, the statement quoted Iranian Oil Minister Gholam Hossein Nozari as saying. About 20 brokers are already active in the market, it said.
'The bourse provides an economic opportunity for Iranians, other countries and foreign customers,' Nozari was quoted as saying.
Iran produces more than 20 million tons of petrochemical products per year.
Iran has already registered for another oil bourse, in which it has said it hopes to trade oil in Euros instead of dollars, to reduce any American influence over the Islamic Republic's economy.
A bourse official, Mahdi Karbasian, told the IRNA official news agency that such an oil market would begin operating within the next year.
While most oil markets are traded in U.S. dollars, Iran first floated the idea of trading oil in Euros in the early 2000s during the tenure of reformist president Mohammad Khatami. It gained new life after the nationalist Mahmoud Ahmadinejad was elected in 2005.
As the fourth-largest oil producer in the world, Iran has a measure of influence over international oil markets. The country ranks second for output among OPEC Countries, and controls about 5 percent of the global oil supply.
Tehran also partially controls the Persian Gulf's Strait of Hormuz, through which much of the world's oil supply must pass.
Iran has sought to wield its oil resources as a bargaining tool in its ongoing standoff with the West over its nuclear program.
The U.N. Security Council is considering imposing a third set of sanctions on Iran for defying a request to halt uranium enrichment. But Tehran has expressed doubt that the world body would impose sanctions on the country's oil sector, because such a move would likely drive global oil prices higher.
Submitted by Sphagnum (user info) at 2008-02-20 23:50:02 EST (#)
Ranking: -2
Usual standard
Submitted by IntangibleHands (user info) at 2008-02-20 20:04:07 EST (#)
Ranking: 0
I was convinced this would happen too, before reading about it from ETS. Seemed largely possible.
Submitted by apollo88 (user info) at 2008-02-20 20:02:16 EST (#)
Ranking: 2
i was thinking that the other day
the loon made a bunch of predictions that of course havent happened.
kinda miss him though.
Submitted by HotWillie (user info) at 2008-02-20 19:50:35 EST (#)
Ranking: 2
John McCain was schtupping a lobbyist during his 2000 run for President!
WOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO
President Obama baby!
+2s all around!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
In related news, Bill Clinton urges no "rush to judgment."
Submitted by Sacrilicious (user info) at 2008-02-20 18:21:22 EST (#)
Ranking: 2
I just had my oil checked.
Submitted by indoninja (user info) at 2008-02-20 18:11:31 EST (#)
Ranking: 2
He was right on nothing except the wildfires, and that was he predicted 20% less than normal.
Submitted by joedaddy (user info) at 2008-02-20 18:09:14 EST (#)
Ranking: 2
Submitted by Jack_McCallum (user info) at 2008-02-20 17:23:08 EST (#)
Ranking: 2
I got a couple of quarts of Castrol Syntec on sale at Kragen.
***
i love the smell of Castrol R in the morning
Submitted by Yozz (user info) at 2008-02-20 17:33:28 EST (#)
Ranking: 2
Wait. I want to change my review.
My review is -
I think its between her legs.
Oh!
Submitted by Yozz (user info) at 2008-02-20 17:30:56 EST (#)
Ranking: 1
Ummmm. It opened 3 days ago.
Submitted by Jack_McCallum (user info) at 2008-02-20 17:23:08 EST (#)
Ranking: 2
I got a couple of quarts of Castrol Syntec on sale at Kragen.
Does that count?
Submitted by Acarnis (user info) at 2008-02-20 17:13:27 EST (#)
Ranking: 1
Don't forget the nuclear strike on Iran, due April 2007.