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document.write("<h5>OPEC extraordinary meeting in Rome this week</h5>");
document.write("Iran’s Oil Minister, Gholam-Hossein Nozari, will attend two energy conferences in Rome to exchange ideas on energy issues, PressTV reported.<br />Rome is the venue for the 11th International Energy Forum (IEF) and the 3rd International Energy Business Forum (IEBF). The biennial Forum will take place from April 20 to 22 and is being hosted by the Italian Government with India and Mexico as co-hosts.<br />http://www.iranmania.com/News/ArticleView/Default.asp?NewsCode=59149&NewsKind=Current%20Affairs<br /><br />Iran rejects calls for OPEC action over oil price<br />AFP - Wednesday, April 16 08:44 am<br />http://uk.news.yahoo.com/afp/20080416/twl-opec-energy-oil-output-price-iran-3cd7efd.html<br /><br />Ivo:<br />By pricing oil in euros, Iran has taken the first step towards lowering oil prices, as Iranian oil is no longer being exchanged for a worthless piece of green paper, also known as the US dollar.<br />Iran has done that in order to hurt the US, the issuer of the US dollars in which other oil producers, except Venezuela, are pricing oil.<br />Why does Iran oppose other oil producers following its example and stopping pricing oil in US dollar?<br />Because that would lower oil prices?<br /><br />Henry Hazlitt, 1946<br />http://jim.com/econ/chap01p1.html<br />The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.<br /><br />Ivo:<br />OPEC must convene an extraordinary meeting in Rome<br />and at that meeting, it must follow Iran’s example<br />and ease global economic jitters by pricing oil in euro,<br />http://bphouse.com/blaze/honest_money/2008/03/08/opec-must-call-extraordinary-meeting-now/<br /><br />Iran’s president Ahmadinejad having said on Saturday that as the dollar is only ”a handful of paper”, oil needs to discover its real value.<br />http://www.1010wins.com/topic/ap_news.php?story=AP/APTV/National/f/f/APFN-Iran-Oil<br /><br />Ivo Cerckel<br />ivocerckel AT siquijor DOT ws. Ivo Cerckel");
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