OPEC may trade oil in euros to compensate for dollar decline

[pescao]

http://www.hindustantimes.com/news/181_490084,00020008.htm

OPEC may trade oil in euros to compensate for dollar decline
Associated Press
Caracas (Venezuela), December 10

OPEC Secretary General Alvaro Silva said the organisation is considering trading oil in euros to compensate for the US dollar's decline in value.

Another alternative is to trade in a basket of currencies other than the greenback, Silva told Venezuela's state news agency, Venpres.

"There is a talk of trading crude in euros. It is one of the alternatives," the former Venezuelan oil minister said from Vienna late on Monday.

"It is possible that the organisation will discuss that, and make a decision at some point in time," he said.

Silva did not provide more details.

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[radfringe]

1. but but but but Snow-job says

Bush Inc. supports a strong dollar policy....

doesn't look very strong at the moment, just puffed up with rhetoric and jammed pack with Bush*t

[Moderator]

2. Dupe....please continue discussion here..

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=261979

DU Moderator