What is stopping Chavez from switching to the Euro for petrodollars?

[Postman]

n/t

[HysteryDiagnosis]

1. Shock and awe. nt.

[kodi]

2. timing is everything. he'll do it, when its most effective for him

and when the saudis and iranians move in that direction

[no name no slogan]

3. OPEC

Don't forget, Iraq was about to switch to the Euro, too, before the invasion.

That's not just a coincidence, IMHO...

[3waygeek]

4. ISTR reading here...

that Iran is considering a similar switch in the not-too-distant future.

[phiddle]

7. IIRC,

Iran will create its own oil market (the bourse) in March '06, and it will be denominated in Euros. That's the real "why" of saber-rattling now against Iran. Remember, last week Iran and Venezuela stated that they are discussing using an oil embargo against "hegemonistic" countries. It wouldn't surprise me if Chavez times his move to the Euro in coordination with Iran.

[cascadiance]

5. They actually already had...

and you're right. I think that had a LOT to do with the invasion.

[murray hill farm]

6. how has it evolved...which seems clear after this "assassinate

stuff discussions tonight on cable tv...that it is now..or becoming quickly..an overt threat to the usa, for a country to consider or might no longer sell us their oil. Is a decision to not sell oil to the usa a reason now to go to war? Is that now reason enough to consider assissination of the leader of that country? And this is a country that is already a democratic country...with a popular elected president..so what is all this cable talk about Chavez as a "dictator"...he is not...he was elected...and whats this about how he ruined his countries economy? The economy is booming there? Dont these reporters even check this out before they report it as news?

[phiddle]

8. Plan Oil Supply #1 (Invade Iraq)

has not worked out so well, so quick, let's put plan #2 (control Venezuela) into effect.

[Burried News]

9. The US is still his biggest customer I believe. There were some stories

last week about Venezuela trying to increase exports to China. Perhaps when that is accomplished we could see this. It would be a blow to the dollar but the votes in Europe a few months (Thinking Holland)against the European Union slowed everybodies movement to the Euro I think.

[applegrove]

10. An immediate invasion by USA.