Wednesday, April 30, 2008


The US might be one step closer to war with Iran:
"A top Oil Ministry official says Iran, OPEC's second-largest producer, has completely stopped conducting all its oil transactions in US dollars.

Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing US pressure on its financial system and the fall in the value of the American currency.

Oil is priced in US dollars on the world market and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves."

And what if other OPEC nations follow suit? Ouch. Something like this could easily be a pretext for war to an administration that doesn't even really need a pretext. In fact, something like this might be exactly what Cheney wants.