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Well, I see I posted my first Diary here in September 2006, and as I recall I arrived here by googling "Iran Oil Bourse" and coming across Jerome's critique of its likelihood of success.

Something like that, anyway. It might have been via the Oil Drum.

Anyway.

Here I am, but my Diary days are pretty much over. Just the odd LQD these days.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Mon May 25th, 2009 at 07:32:08 PM EST
is no loser to reality today than then, as predicted... (just like their LNG projects).

In the long run, we're all dead. John Maynard Keynes
by Jerome a Paris (etg@eurotrib.com) on Tue May 26th, 2009 at 12:40:45 PM EST
[ Parent ]
Not technically true. The Iran oil bourse exists.

The problem is, it's a glorified spreadsheet domiciled in Kish Island where the odd petrochemical transaction is registered.

Nothing to do with me, squire. The Oil ministry never wanted it, and they call the shots, so they kicked it into the long grass years ago.

Never mind LNG - even when the money was rolling in their investment was actually reducing. The problem is a combination of more effective sanctions and a managerial vacuum on a cosmic scale.

"Any economic unit can emit money. The serious problem is to get it accepted" Hyman Minsky

by ChrisCook (cojockathotmaildotcom) on Tue May 26th, 2009 at 01:17:15 PM EST
[ Parent ]
You guys and your supreme memory units...I must say that I don't think it was through DKos that I discovered ET, but it may have been.

I was pretty dismayed by their soft liberal slant long before I came here, but I would still use them as a source of news when something was going on. I also remember being upset with Josh Marshall in TPM's early days...there were just so many clever people that I was reading then who were finding justifications to back the McCarthy/Dulles/Rusk/McNamara/Haig/Rumsfeld/Cheney/Bush war in Iraq...

...but I digress. I just don't remember what linked me here.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Tue May 26th, 2009 at 04:19:00 PM EST
[ Parent ]

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