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Mark, NY Says:
February 6th, 2008 at 11:34 pm
The fact that Iran has been 100% down and remains down is critical to the
analysis. I think most people in the United States when polled would answer that nobody or nearly no one in Iran is on the Internet. Not so.
Over 10,000,000 Iranians are active Internet users. That’s a 15% Internet penetration (percentage of the population). The United States Internet penetration is currently at 70%. Wait - there are still 30% of us that DO NOT use the internet?!?
I wrote about this article as well:
http://tinyurl.com/2joyysThe Iranian Oil Bourse however, makes the most sense for this reason:
Consider the consequences of a shift away from dollars for the United States. The dollar is still sliding against all other world currency. That means every time you buy something from overseas now, its exchanged from $$$ to whatever for every transaction. Notice how much more expensive everything is? That’s inflation, because we buy so much stuff from overseas.
Having a transaction in your own currency means that you will have a monetary and economic advantage as a trader. You can protect prices and control the market more if the currency used in the transaction is yours. You have the upper hand as an economy, because everyone else has to pay fees to exchange your money.
But the United States economy is not really doing well, at least from a currency standpoint. So other markets are moving away from the dollar, TAKING THE ADVANTAGE AWAY from us. So oil prices will go up again for the United States, the worlds largest user and importer of oil.
We have all seen the effects of rising oil prices on our economy already. Higher gas prices, rising inflation, the mortgage crisis. Banks are writing off unprecedented amounts of money - upwards of 10’s of millions of dollars in loans. The bourse is another blow for our economy, and will shift world oil markets farther away from us, and make oil prices rise steeply again. Think $5 a gallon for gas is high, check prices in Europe some time.
So, does the idea that someone, or any number of suspects, would want to see those cables cut surprise me? Not at all.
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