Iranian Oil Bourse In Check, Cut Cables

George Bush delivers the horse's head | Spero News
snip
As to whether the Bush administration would start a war to defend dollar hegemony; that's a question that should be asked of Saddam Hussein. Iraq was invaded just six months after Saddam converted to the euro. The message is clear; the Empire will defend its currency.

Similarly, Iran switched from the dollar in 2007 and has insisted that Japan pay its enormous energy bills in yen. The “conversion” has infuriated the Bush administration and made Iran the target of US belligerence ever since. In fact, even though 16 US Intelligence agencies issued a report (NIE) saying that Iran was not developing nuclear weapons; and even though the UN's nuclear watchdog, the IAEA, found that Iran was in compliance with its obligations under the Nuclear Nonproliferation (NPT) Treaty; a preemptive US-led attack on Iran still appears likely.

And, although the western media now minimizes the prospects of another war in the region; Israel is taking the precautions that suggest that the idea is not so far-fetched. “Israel calls for shelter rooms to be set up in a bid to prepare the public for yet another war, this time, one of raining missiles.” (Press TV, Iran) -end snip


- i would like to take the time to call the Iranians idiots. They spend billions building a new oil pit with out satellite connections to the internet. "someone" cuts the cables and kish island (location of new oil trading pit) is out of commission. LOL . lets not forget with iran under sanctions the world's huge oil traders cannot trade on this exchange.

on the cables: perfect time to set up a relay for snooping. 5 cables cut by accident? GIVE ME A BREAK!!


i am not saying it is right but the USA seems to have Iranian Oil Pit Dreams in check if not mate. -st0ckman




he is a snip of a market watch article. great read!

This concept seems a little far fetched until you look at the details which were provided to me by one of my readers, Martin Kuplens-Ewart who has been following the story from the outset. He notes: "there is a substantial event that has effectively been killed by the loss of connectivity: the launch of the Iranian Oil Bourse.

"A marketplace for oil, gas, and various petrochemicals, the Iranian Oil Bourse would trade exclusively in non-dollars and probably substantial negative impact to the U.S. economy and financial system. The bourse was scheduled for launch this week (between Feb. 1 and 11. With complete elimination of Internet connectivity to the country, this launch is now impossible and unlikely to be achievable before month's end (given the estimate 10-14 days for repairs to fiber-optic cables)."

He cites various articles expressing the mystery behind the cut cables and describing the bourse and its overall threat to the U.S. economy, as well as how the thing could backfire, ruining the Iranian economy. See Seattle Times article. See World Press article. See Energy Bulletin item.

The second bourse article, written in 2005, discusses the early planning for the bourse and suggests or wonders if someone might take some covert actions against it.

Communication breakdown

In most instances Internet connectivity can be rerouted, and much of the Middle East has already done this. But what makes this situation unique is that the bourse was being established on Kish Island, a free-trade zone set up by the Iranians in hopes of creating a cool tourist destination.

For an example of what they are up to check out the Web site for one of the new hotels here. See link to Dariush Grand Hotel.

There doesn't seem to be an alternate Internet connection to the island other than the cut cables. I attempted to email the three top hotels on the island and all the email bounced. I was also unable to make a telephone call there indicating a large telecommunications failure.

The Web sites for the hotels are likely to be hosted off the island and are still working.

This sort of telecom and Internet failure/collapse, no matter what the cause, is unlikely to give anyone confidence in an international oil trading system on Kish Island. Too much money is at risk. The island obviously needs satellite access or some form of connectivity back up that is foolproof.

http://www.marketwatch.com/news/story/middle-east-internet-interruption-looks/story.aspx?guid=6FD0D324-8FF9-4900-BCA9-614914BA3E87