Iran – Are our Governments Playing with Fire ?

Image: ponsulak / FreeDigitalPhotos.net *

“The first oil in the Middle East was found in Iran in 1908 by the predecessor of BP.”

“In June 1953, the US Secret Service orchestrated a coup, known as Operation Ajax. It led to the creation of a national oil company, which promptly made a deal with the so-called Consortium, in which American companies took about half of what had been BP’s exclusive position.”

“Pressures are again mounting against Iran, which, like Libya, had decided to trade its oil in national currency rather than the dollar.”

“Exactly the motives for these moves against Iran are hard to understand, but it might well be described as the last throw of the dice by US and European powers hoping to maintain their hegemony, including the critical role of the dollar and euro as world currencies.”

“It seems that the Governments responsible for moves affecting the current petroleum crop, on which the world population so heavily depends, are by all means playing with fire.”    Colin Campbell PhD

Extracted from: 
Playing with Fire, by Colin Campbell PhD, 03/06/2012 , financialsense.com

Read complete article here: http://www.financialsense.com/contributors/colin-campbell/playing-with-fire

Colin Campbell PhD

Founder at Association for the Study of Peak Oil & Gas (ASPO)
Uppsala, Sweden
http://www.peakoil.net/

© 1997–2012 Financial Sense

* Image: ponsulak / FreeDigitalPhotos.net
The publishing of this image does not imply that the author endorse this article.


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