• All Purchases made this month instantly go into the draw to win a USD $ 200.00 credit to your HoP account.

Location: Australia
Member Since: 10th May 2002
Total posts: 340
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 ]

step 1. Throw your self at the ground.
step 2. Miss.

Raymund Phule (Fireproof)
Raymund Phule (Fireproof)

Enter a "Title" here:
Location: San Diego California
Member Since: 31st Dec 2001
Total posts: 2905
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!

Some Jarhead last night: "this dumb a$$ thinks hes fireproof"

Raymund Phule (Fireproof)
Raymund Phule (Fireproof)

Enter a "Title" here:
Location: San Diego California
Member Since: 31st Dec 2001
Total posts: 2905
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!

Some Jarhead last night: "this dumb a$$ thinks hes fireproof"


Lambretta Fanatic

Member Since: 20th Dec 2001
Total posts: 4991
Posted:i'm innocent, i have no money to give.


"To be an angel, one need not have wings.
In giving love there is an equal grace.
Nor need one seek the aura in the face,
As love unveils the beauty of all things."

*Francois Couperin.

SmallBoy - x
SmallBoy - x

Carpal \'Tunnel
Location: London
Member Since: 29th May 2002
Total posts: 2737
Posted:Help, help me mommy, nooooooooooooooooooo............... sorry just got caught up in the whole madness of it all.

Small Lardy Person In Disguise

Location: Nova Scotia, Canada.
Member Since: 8th Nov 2002
Total posts: 1591
Posted:The euro makes investing between dollars who use it a lot more stable. The currency it's self is not more stable.

jim bombadil
Location: bristol
Member Since: 14th Dec 2002
Total posts: 142
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 years 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 worlds 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

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

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 Baghdads revenue flows.

On the other hand, if Saddams 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 Peoples Congress, Peoples 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 worlds 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

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.


[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.

Similar Topics

Using the keywords [america oil] we found the following similar topics.
1. Forums > Peak oil has crept up on us ROTFL [42 replies]
2. Forums > Pictures of canola oil fire breathing.
3. Forums > Lamp oil causing skin irritation [7 replies]
4. Forums > difference between lamp oil and parafin?
5. Forums > America Needs Fire [19 replies]

     Show more..