QATAR ‘TO CONSIDER SELLING GAS IN EUROS'

[Gloria]

From tomorrow's edition which will be up at Buzzflash.com

So, when do we bomb THEM?????

WORLD ENERGY WATCH

Edited by Gloria R. Lalumia

The World Energy Watch presents recent news and analysis highlighting the activities of the players involved in the power struggle for the world’s remaining energy resources


1//The Gulf Times, Qatar—QATAR ‘TO CONSIDER SELLING GAS IN EUROS
http://www.gulf-times.com/site/topics/article.asp?cu_no=2&item_no=132088&version=1&template_id=57&parent_id=56

Qatar, the world’s largest shipper of natural gas, will consider selling gas in euros, instead of dollars, HE the Finance Minister Yousef Hussain Kamal said, reducing global demand for the US currency. Qatar would consider selling gas in euros if a customer requested a “special contract,” Kamal, who is also in charge of the Economy and Commerce Ministry, said in an interview in Doha yesterday. Qatar’s willingness to sell gas in euros “depends on how much we have to have different currency allocations in our portfolio,” he said. Selling gas in dollars increases the demand for the US currency, maintaining its value versus other major currencies. Other energy producers, including Iran, Venezuela and Indonesia, are already looking to sell their commodities, currently priced in dollars, in euros. Moreover, the United Arab Emirates will convert 8% of its foreign-exchange reserves to euros from dollars before September, the country’s central bank governor said on December 24. Syria has also said it will replace dollar holdings with the euro.
The dollar has fallen almost 9% against the euro in the past 12 months as concern the US may struggle to finance its current account deficit, the broadest measure of trade in goods and services, has grown.

[itsmesgd]

1. bomb 'em

That gotta know that it's coming. Didn't they see the Saddam story?

[TahitiNut]

2. That ol' Axle of Evil jus' keeps growin'

:eyes: Heckuva job, Georgie. :puke:

[GenDem]

3. Uh Ohhh

That's not going to go over good.:scared:

[AnOhioan]

4. Very inconvenient for good ole george

Doesn't he consider Qatar an ally??

[RB TexLa]

5. Fine by me, after 9/11 I sold most all of my North American stocks

and bought primary in Europe and Asia. Kept oil stocks and a couple of financial but everything else went over there.

[Bright Eyes]

6. i'm guessing they'll experience a "sudden and unexpected"

pro-american coup