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Another Brick In The Wall

The ramblings of a non-conforming, ne'er-do-well, mainly on politics and society.

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Location: United States

Saturday, December 31, 2005

The Story about Oil you NEED to Hear


"Some news stories are screamed in 100 headlines in 100 different newspapers and media outlets. This one however is so quiet it's almost a whisper, yet it may be one of the biggest stories next year."

"While oil can be drilled and refined and transported anywhere, there's only two places where it can be officially purchased. One is in New York City on the NYMEX stock exchange and the other in London on the IPE exchange. I should mention that London's IPE is actually now owned by an American country named "ICE"."


This story was included in my previous post on the Top Censored Stories under number 9: Iran’s New Oil Trade System Challenges U.S. Currency. I'm posting it because I believe it's important enough to deserve a post of its own. It could well be the real reason the administration is banging their war drums again. And it may also be one reason we went into Iraq, since they were trying to do the same as Iran is now.

It involves a recent change in reporting of information from the Federal Reserve, Irans' decision to open its' own oil exchange market that would trade in euros, instead of dollars, and the potential damage to the U.S. economy that could result.

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