Forums > Social Chat > America and its oil.
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340 posts
Location: Australia
340 posts
Location: Australia
Posted:
Today I heard a new perspective about the whole oil issue in the world.
Nearly all the oil in the world is bought with US dollars giving the American economy excellent stability BUT since 2002 the Euro has become a much better prospective than the US dollar which has become more unstable, as a result Saddam stopped using the American dollar and switched to the Euro in 2002 and a number of the large oil companies are tempted to do the same given the extra money they would make using the Euro. This would devistate the US economy and destablise the whole world. I suppose the winners would be the countries using the Euro (eg France and Germany) and places like Iraq which would benefit from less "policing" from America.
Just a thought.
[ 17. February 2003, 20:33: Message edited by: BurningByron ]
Today I heard a new perspective about the whole oil issue in the world.
Nearly all the oil in the world is bought with US dollars giving the American economy excellent stability BUT since 2002 the Euro has become a much better prospective than the US dollar which has become more unstable, as a result Saddam stopped using the American dollar and switched to the Euro in 2002 and a number of the large oil companies are tempted to do the same given the extra money they would make using the Euro. This would devistate the US economy and destablise the whole world. I suppose the winners would be the countries using the Euro (eg France and Germany) and places like Iraq which would benefit from less "policing" from America.
Just a thought.
[ 17. February 2003, 20:33: Message edited by: BurningByron ]
HOW TO FLY 101:
step 1. Throw your self at the ground.
step 2. Miss.
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2,905 posts
Location: San Diego California
2,905 posts
Location: San Diego California
Posted:
The Euro is stable? When did that happen?
A money type based on several countries different fluxuating markets is considerd stable and a more worthwhile investment?
Now, the US oil econimy imports oil from Saudi Arabia. Now this is the worlds largest oil owners and exporters. Saddams oil has not been sold to the US in 12 years since trade embargos were emplaced. It would only make sence for him to find another place to go.
This also raises a serius question... France and Germany are part of the Euro, now if a war happens in Iraq, Saddam will loose that is unevitable, the Iraqi oil will be sold to just about everyone making the Euro even less stable than it already is.
No wonder they dont want war in Iraq, they want the oil!
The Euro is stable? When did that happen?
A money type based on several countries different fluxuating markets is considerd stable and a more worthwhile investment?
Now, the US oil econimy imports oil from Saudi Arabia. Now this is the worlds largest oil owners and exporters. Saddams oil has not been sold to the US in 12 years since trade embargos were emplaced. It would only make sence for him to find another place to go.
This also raises a serius question... France and Germany are part of the Euro, now if a war happens in Iraq, Saddam will loose that is unevitable, the Iraqi oil will be sold to just about everyone making the Euro even less stable than it already is.
No wonder they dont want war in Iraq, they want the oil!
Some Jarhead last night: "this dumb a$$ thinks hes fireproof"
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2,905 posts
Location: San Diego California
2,905 posts
Location: San Diego California
Posted:
An interesting thing about the Euro, millions of Euros are given to Palistine each year. Some of these are believed to be used to fund terrorist activities in Isriale. Now there has been no proof unearthed but there is supposed to be a formal inquery happening soon.
Where did I get this info? A BBC news cast.
Great, thats all we need, all of the EU funding international terrorisim. I guess nobody is innocent!
An interesting thing about the Euro, millions of Euros are given to Palistine each year. Some of these are believed to be used to fund terrorist activities in Isriale. Now there has been no proof unearthed but there is supposed to be a formal inquery happening soon.
Where did I get this info? A BBC news cast.
Great, thats all we need, all of the EU funding international terrorisim. I guess nobody is innocent!
Some Jarhead last night: "this dumb a$$ thinks hes fireproof"
BRONZE Member
Lambretta Fanatic
4,998 posts
Location: United Kingdom
Lambretta Fanatic
4,998 posts
Location: United Kingdom
Posted:
i'm innocent, i have no money to give.
i'm innocent, i have no money to give.
Carpal \'Tunnel
2,737 posts
Location: London
2,737 posts
Location: London
Posted:
Help, help me mommy, nooooooooooooooooooo............... sorry just got caught up in the whole madness of it all.
Help, help me mommy, nooooooooooooooooooo............... sorry just got caught up in the whole madness of it all.
Small Lardy Person In Disguise
member
1,591 posts
Location: Nova Scotia, Canada.
1,591 posts
Location: Nova Scotia, Canada.
Posted:
The euro makes investing between dollars who use it a lot more stable. The currency it's self is not more stable.
The euro makes investing between dollars who use it a lot more stable. The currency it's self is not more stable.
member
142 posts
Location: bristol
142 posts
Location: bristol
Posted:
Secret meet at WEF to share Iraqi oil spoils?
26 Jan 2003
Davos, Switzerland: As helicopters continue to bring Chief Executives and
world leaders into the Swiss alpine resort of Davos for this year’s meeting of
the World Economic Forum (WEF), Friends of the Earth has been reliably
informed by WEF participants that a “secret” meeting of top oil executives is
scheduled to take place here this weekend [1]. Friends of the Earth International the world’s largest grassroots environmental network - has today challenged the WEF to either deny that such a meeting is taking place, or to come clean on which companies and governments are taking part and what is being discussed.
US Secretary of State Colin Powell is addressing the WEF today amidst
evident concern amongst many WEF business leaders and protests across
Switzerland.
However, many WEF attendees in the oil industry are set to benefit from
an Iraq war.
A recent Deutsche Bank report [2] indicated a potential conflict of interest
amongst the permanent members of the United Nations Security Council
over the commercial implications of war in Iraq. Baghdad Bazaar Big Oil in Iraq
was published last October but only came to light last week. It indicates that a
regime change in Iraq would benefit US and UK oil companies while a
peaceful resolution would benefit oil companies based in Russia, France and
China:
On the one hand, Saddam might yield on weapons inspectors issues,
and therefore retain power. Having conceded on Weapons of Mass
Destruction (WMD), the UN would then be under pressure to ease sanctions and, in that scenario, Iraq would no doubt award contracts to its current supporters: Russia, France and China. With Saddam still in power, the US and the UK would probably continue to employ delaying tactics on implementation of deals that
enhanced Baghdad’s revenue flows.
On the other hand, if Saddam’s government is replaced - as seem to be
the priority for the Bush administration and sanctions eased, then the
corporate line up in Iraq may well feature US and UK companies, particularly if there has been a US driven war in the country¡¨. p. 14, Baghdad Bazaar, Deutsche Bank, 21/10/03.
The report identifies the following companies as potential beneficiaries
[3], who are also participants in this year's WEF meeting:
* Vagit Alekperov, President and Chief Executive Officer, Lukoil Joint Stock Oil Company (Russian Federation)
* Nick Butler, Group Vice President, Policy Development, British Petroleum - BP (UK)
* Thierry Desmarest, Chairman and Chief Executive Officer, TotalFinaElf SA, (France).
* Sir Phillip Watts, Chairman and Chief Executive, Shell (UK/Netherlands)
Politicians and government officials present at the WEF include:
* Colin Powell, Secretary of State, United States of America
* Abdullah Gul, Prime Minister of Turkey
* Patricia Hewitt, Secretary of State for Trade and Industry, United Kingdom
* Cheng Siwei, vice Chairman of the Standing Committee. National People’s Congress, People’s Republic of China
* Francis Mer, Minister of Economy, Finance and Industry, France
* Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, Saudi-Arabia
General (Wesley) Clarkformer supreme Allied Commander for Europe,
NATO is also present at the WEF.
Friends of the Earth International held a protest outside the WEF at 1pm
this afternoon against the ¡§secret oil meeting¡¨. Protestors displayed a
meeting “agenda” which included two items; 1) “Meet Powell¨ and 2)
“Iraq, who gets what?¨. They were gagged and carrying placards saying ¡§Not
invited: Human Rights, Environment, Trust, The Public and Oil War victims¡¨.
Tony Juniper, Vice-Chair of Friends of the Earth International said:
The World Economic Forum loves to promote the so-called spirit of
Davos? - cosy fireside chats between the world’s most powerful Chief Executives
and senior politicians. Now we learn that the WEF may be playing host to a
secret meeting for the key players and beneficiaries of a war in Iraq away from
the media, the public and most importantly - the United Nations. And all at a
meeting where the WEF is claiming to be “Building Trust” Friends of the
Earth
International today challenges the WEF to either deny that meetings are
going on between top oil executives and senior politicians, or to declare exactly who is meeting who and what is being discussed¨.
Notes
[1] Tony Juniper (Director of the Friends of the Earth, England, Wales and
Northern Ireland) and Silva Semadeni (President of Pro Natura, Friends
of the Earth Switzerland) are both full participants at this years meeting of the
World Economic Forum.
Secret meet at WEF to share Iraqi oil spoils?
26 Jan 2003
Davos, Switzerland: As helicopters continue to bring Chief Executives and
world leaders into the Swiss alpine resort of Davos for this year’s meeting of
the World Economic Forum (WEF), Friends of the Earth has been reliably
informed by WEF participants that a “secret” meeting of top oil executives is
scheduled to take place here this weekend [1]. Friends of the Earth International the world’s largest grassroots environmental network - has today challenged the WEF to either deny that such a meeting is taking place, or to come clean on which companies and governments are taking part and what is being discussed.
US Secretary of State Colin Powell is addressing the WEF today amidst
evident concern amongst many WEF business leaders and protests across
Switzerland.
However, many WEF attendees in the oil industry are set to benefit from
an Iraq war.
A recent Deutsche Bank report [2] indicated a potential conflict of interest
amongst the permanent members of the United Nations Security Council
over the commercial implications of war in Iraq. Baghdad Bazaar Big Oil in Iraq
was published last October but only came to light last week. It indicates that a
regime change in Iraq would benefit US and UK oil companies while a
peaceful resolution would benefit oil companies based in Russia, France and
China:
On the one hand, Saddam might yield on weapons inspectors issues,
and therefore retain power. Having conceded on Weapons of Mass
Destruction (WMD), the UN would then be under pressure to ease sanctions and, in that scenario, Iraq would no doubt award contracts to its current supporters: Russia, France and China. With Saddam still in power, the US and the UK would probably continue to employ delaying tactics on implementation of deals that
enhanced Baghdad’s revenue flows.
On the other hand, if Saddam’s government is replaced - as seem to be
the priority for the Bush administration and sanctions eased, then the
corporate line up in Iraq may well feature US and UK companies, particularly if there has been a US driven war in the country¡¨. p. 14, Baghdad Bazaar, Deutsche Bank, 21/10/03.
The report identifies the following companies as potential beneficiaries
[3], who are also participants in this year's WEF meeting:
* Vagit Alekperov, President and Chief Executive Officer, Lukoil Joint Stock Oil Company (Russian Federation)
* Nick Butler, Group Vice President, Policy Development, British Petroleum - BP (UK)
* Thierry Desmarest, Chairman and Chief Executive Officer, TotalFinaElf SA, (France).
* Sir Phillip Watts, Chairman and Chief Executive, Shell (UK/Netherlands)
Politicians and government officials present at the WEF include:
* Colin Powell, Secretary of State, United States of America
* Abdullah Gul, Prime Minister of Turkey
* Patricia Hewitt, Secretary of State for Trade and Industry, United Kingdom
* Cheng Siwei, vice Chairman of the Standing Committee. National People’s Congress, People’s Republic of China
* Francis Mer, Minister of Economy, Finance and Industry, France
* Ali bin Ibrahim Al-Naimi, Minister of Petroleum and Mineral Resources, Saudi-Arabia
General (Wesley) Clarkformer supreme Allied Commander for Europe,
NATO is also present at the WEF.
Friends of the Earth International held a protest outside the WEF at 1pm
this afternoon against the ¡§secret oil meeting¡¨. Protestors displayed a
meeting “agenda” which included two items; 1) “Meet Powell¨ and 2)
“Iraq, who gets what?¨. They were gagged and carrying placards saying ¡§Not
invited: Human Rights, Environment, Trust, The Public and Oil War victims¡¨.
Tony Juniper, Vice-Chair of Friends of the Earth International said:
The World Economic Forum loves to promote the so-called spirit of
Davos? - cosy fireside chats between the world’s most powerful Chief Executives
and senior politicians. Now we learn that the WEF may be playing host to a
secret meeting for the key players and beneficiaries of a war in Iraq away from
the media, the public and most importantly - the United Nations. And all at a
meeting where the WEF is claiming to be “Building Trust” Friends of the
Earth
International today challenges the WEF to either deny that meetings are
going on between top oil executives and senior politicians, or to declare exactly who is meeting who and what is being discussed¨.
Notes
[1] Tony Juniper (Director of the Friends of the Earth, England, Wales and
Northern Ireland) and Silva Semadeni (President of Pro Natura, Friends
of the Earth Switzerland) are both full participants at this years meeting of the
World Economic Forum.
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