my care2
make a difference

causes & news

news network

socially conscious news and video shared and rated by the community

OPEC Considers Dumping US Dollar


US Politics & Gov't  (tags: USA, Venezuela, Iran, OIL, DOLLAR, Oil-bourse )


- 671 days ago - presstv.ir
Organization of Petroleum Exporting Countries plans to discuss a proposal by Iran and Venezuela to price oil in non-dollar currencies.
Comments

Yvonne White (139)
Friday February 15, 2008, 10:41 pm
Isn't that Really why Bu$h invaded Iraq - because Sadam threatened to do that very thing? Reich-wingers will be screaming Armaggedon if that happens!
 

Blue Bunting (855)
Friday February 15, 2008, 10:52 pm
Yes, Yvonne, and the ReTHUGniCON$ thought they'd be out of office before the OPEC countries started dumping dollar$ but it's about to unravel and come cra$hing down on all their head$ and ours, too!
 

Blue Bunting (855)
Saturday February 16, 2008, 2:06 am
CRUISIN’ FOR A BRUISIN’ WITH HUGO

Hugo Chavez has an attitude problem. Only last April the Venezuelan president escaped a kidnapping by the Chairman of the nation’s Chamber of Commerce. This weekend, Chavez is facing a recall petition by the angry rich of Venezuela. He also faces the wrath of an angry rich American president who does not appreciate Chavez’ bad attitude toward globalization a la Rumsfeld.

Annoying the moneyed and the powerful is Chavez’ gift. And this week, at the meeting of the Congress of Andean Parliaments, he unwrapped a special surprise, a renewed proposal for PetroSur, functionally, a Latin American OPEC.

Venezuela, not Saudi Arabia, has long been the USA’s largest supplier of foreign oil. By combining Venezuela’s huge state-owned oil company with Ecuador’s, Brazil’s and Trinadad’s (all nations now headed by elected leftists), Chavez could create a bargaining hammer for hemispheric trade talks which, up to now, have been mostly a one-way lecture from the USA.

“If Exxon and Mobil can combine, and Texaco and Phillips, why not PetroBrasil and PdVSA?” Chavez asks, referring to the Brazilian and Venezuelan government operators.

Well, Hugo, you KNOW why not. I remember the story of Ferdinand Marcos’ proposal to the Shah of Iran some years back. The Philippines dictator suggested to the Iranian despot that Iran go around the US oil giants and ship directly to the Philippines for refining and sale. The Shah pointed to his personal jet which brought him to Manila. “Do you see the plane that brought me here? Do you know who paid for it? And what do you think would happen to that plane if I were to adopt your suggestion?”

A proposal for a Latin OPEC is an invitation for a bullet. But that’s Chavez’ style. His assassins don’t have to hunt him down; he looks for THEM. His attitude is, “take your best shot.” And, as if to make the point, I’d noted he left the several bullet holes in the windows of the Presidential Palace from the last coup attempt (the one where he was held hostage under orders of a wannabe dictator, Pedro Carmona, chief of the nation’s business confederation).

If creating a Latin OPEC is possible, Chavez is the man to pull it off. During Venezuela’s recent turn at the Presidency of OPEC, Chavez successfully raised the world price of crude to $20 a barrel from $10.

This year Chavez successfully rebuilt Venezuela’s oil company after a devastating management strike and campaign of widespread sabotage at PdVSA plants and pumps. It has to infuriate Bush’s oil patch buddies that Chavez restored Venezuela’s output from near zero to 2-1/2 million barrels a day while, after the same eight month period, Generalissimo Paul Bremer still can’t pump enough oil out of Iraq to fill a Humvee.
***
Greg Palast, the author of the New York Times bestseller, The Best Democracy Money Can Buy, is in Caracas on assignment for Rolling Stone Magazine. At www.GregPalast.com find photos from Venezuela and Palast’s other reports.

Tag: Latin AmericaLatin America
 

Past Member (0)
Saturday February 16, 2008, 2:48 am

I wonder if this Greg Palest guy would say that IRAN is `cruisin for a bruisin` lol, or would Greg prefer to keep his head on his shoulders ?????

Greg Palest is rather outspoken against Chavez without having a clue that there is a plan involving not only Chavez, but Ahmadinejad of Iran also.
The end of this month will see the launch of the iranian Oil Bource.

The larger plan to target the American government via the dollar is not new.
It was suggested (12 months after the Iraq ear started) `stop using the U.S. dollar, use the Euro or a basket of currencies`


 

Simon Wood (300)
Monday February 18, 2008, 10:27 pm
Let's all dump the U.S. dollar!

Buck the U.S. Empire! Throw off the yoke of U.S. imperialism!

No more empires, no more hegemony, no more first world plunder of Third World countries! We want a multipolar world!
 

Past Member (0)
Tuesday February 19, 2008, 12:03 pm


That`s exactly the same message that those in the video below were ASKING people to do back in December 2004 !!!!!


IRAQ - A Simple Message of Resistance - Video

http://www.care2.com/news/member/378379217/613572



The message in that video makes sense, and if only ppl had done as was being asked, then the soldiers would have stopped fighting - and no doubt `collectively` by NOT using the dollar - then the U.S. admin would have had to admit defeat.

Both our governments only do the things they do because they are ALLOWED to get away with it, but of course its not easy getting everyone to think the same way.


 
Or, log in with your
Facebook account:
Please add your comment: (plain text only please. Allowable HTML: <a>)
20
20 log in or sign up to start earning Butterfly Credits today!


Track Comments: Notify me with a personal message when other people comment on this story


Loading Noted By...Please Wait

 

 
Content and comments expressed here are the opinions of Care2 users and not necessarily that of Care2.com or its affiliates.
Copyright © 2009 Care2.com, inc. and its licensors. All rights reserved