European Tribune - Comments - Let me kill off once and for all the Iranian oil bourse story

Let me kill off once and for all the Iranian oil bourse story | 27 comments (27 topical, editorial, 0 hidden)

Ok, so the bourses are not moving to Iran. Thanks for clairifying that.

The underlying market is in dollars, and will remain that way.

Is the currency likely to switch to euros (or another currency) in the (often predicted) case of sudden drop in value of the dollar?

A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!

by A swedish kind of death on Fri Feb 24th, 2006 at 10:41:56 AM EST

Re: The currency question (none / 0)

Nah, in that case the dollar price just rises. Rapid inflation could screw up some of the IT systems ("of course oil will never cost more than $999") but no big deal otherwise.

That happened last year: part of the rise in oil prices was due to a drop in the value of the dollar.

by Colman (colman at eurotrib.com) on Fri Feb 24th, 2006 at 11:01:48 AM EST
[ Parent ]

Let me kill off once and for all the Iranian oil bourse story | 27 comments (27 topical, 0 editorial, 0 hidden)

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