Game On with Iran! Heaven Help Us All

[Wiley50]

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x3185819


Iran opens first oil exchange

Source: AFP

TEHRAN, Feb 17, 2008 (AFP) - Iran on Sunday inaugurated its first stock exchange for oil products and petrochemicals, in a bid to become a major player in the global downstream industry.

OPEC's number two crude oil producer hopes that its oil exchange can lead the way for a domestic downstream industry to match its upstream crude oil production, the country's main foreign currency revenue winner.

"We have been a good seller (of crude oil) and now we have a higher objective to have a share in the oil trade," Oil Minister Gholam Hossein Nozari told reporters.

Iran claims to rank second in the region after Saudi Arabia in terms of production of petrochemicals at 22 million tons a year.



Read more: http://news.yahoo.com/s/afp/20080217/bs_afp/iranstockse...

[mac2]

1. Speculation on oil?

and energy makes me nervous. Yes people deserve to make a profit but energy is something that is critical to our existence and comfort.

I want a solar unit on my roof and water storage in my yard. I don't trust these corporate thugs and politicans with my vary survival.

[thunder rising]

2. People lived before oil. It's not required for existence.

[mac2]

3. Ya and they only lived until they were thirty five

I'm older now and have to worry about surviving in the Bush world.