-Caveat Lector-
Begin forwarded message:
From: [EMAIL PROTECTED]
Date: August 3, 2007 3:44:28 PM PDT
To: [EMAIL PROTECTED]
Cc: [EMAIL PROTECTED], [EMAIL PROTECTED]
Subject: Fwd: Iran Steps Up Petro-dollar War With U.S.
Get a sneak peek of the all-new AOL.com.
From: "Jim S." <[EMAIL PROTECTED]>
Date: August 3, 2007 2:48:03 PM PDT
To: [EMAIL PROTECTED]
Subject: Iran Steps Up Petro-dollar War With U.S.
Reply-To: [EMAIL PROTECTED]
------------------------
"America is a nation founded on the principle that all human life
is sacred...
Destroying human life in the hopes of saving human life is not
ethical."-- G.W.
Bush on the occasion of vetoing Congressional bill on stem cell
research. June
20, 2007
http://www.wnd.com/news/article.asp?ARTICLE_ID=56965
WND Exclusive:
*Iran Steps Up Petro-dollar War With U.S.*
Pressures falling greenback by demanding Japan buy oil in yen
Posted: August 2, 2007 / 1:00 a.m. Eastern
By Jerome R. Corsi
© 2007 WorldNetDaily.com
Iran has intensified pressure on the falling U.S. dollar by
demanding that Japan
begin paying for Iranian oil in yen, instead of dollars.
Hojjatollah Ghanimifard, the head of the National Iranian Oil
Company, or
N.I.O.C., has confirmed the company has asked Japan to open letters
of credit in
yen in preparation for N.O.I.C. issuing oil invoices in Japanese
currency.
In April, WND reported Iran successfully pressured China to begin
paying for
Iranian oil in euros, not dollars.
To date, Iran has not followed up on the announcement that Iran
would create an
Iranian oil bourse to quote oil in euros, instead of dollars.
Still, according to Hojjatollah Ghanimifard, 70 percent of Iran's
oil income is
now paid in currencies other than the U.S. dollar.
Iran also has announced that the country will not participate in
any O.P.E.C.
move to increase oil production to counter rising oil prices.
Yesterday, crude oil prices rose to a record high $78 a barrel on
international
markets.
Iran's continued switch from the dollar reflects its concern with
the currency's
falling value along with a desire to counter the U.S.-backed
sanctions imposed by
the U.N. on Tehran for transparency violations in its nuclear program.
In July, the euro hit a historic low against the dollar.
As WND repeatedly has reported, Iran has frustrated the Bush
administration's
strategy, resisting diplomatic approaches the U.S. has used with
European nations
and the International Atomic Energy Agency to induce Iran to quit
enriching uranium.
Recent disclosures indicate Iran has made progress solving the
technological
problems of installing an estimated 3,500 centrifuges at its
uranium enhancement
nuclear facility in Isfahan.
Iran produces approximately 2.3 million barrels of crude oil per
day, with
approximately 65 percent of that volume headed for Asia, largely to
China and Japan.
~~~
[Jerome R. Corsi is a staff reporter for WND. He received a Ph.D.
from Harvard
University in political science in 1972 and has written many books
and articles,
including his latest best-seller, "The Late Great U.S.A." Corsi co-
authored with
John O'Neill the No. 1 New York Times best-seller, "Unfit for
Command: Swift Boat
Veterans Speak Out Against John Kerry." Other books include
"Showdown with
Nuclear Iran," "Black Gold Stranglehold: The Myth of Scarcity and
the Politics of
Oil," which he co-authored with WND columnist Craig. R. Smith, and
"Atomic Iran."]
Related offers:
"Atomic Iran: How the Terrorist Regime Bought the Bomb and American
Politicians"
Whistleblower magazine: "'MOST DANGEROUS NATION ON EARTH: Why
America must wake
up now and deal with Iran's imminent threat"
"Everlasting Hatred: The Roots of Jihad"
"The Politically Incorrect Guide to Islam (and the Crusades)"
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