Don’t worry, just a little bump - $70 is just around the corner. Short traders just keep making those margin calls, mortgage the house if you have to. Fortunes await you! PO is for pansies and doomers. At $70 short some more ..... it is going back to $22 .... the world is awash with oil ........ reality has nothing to do with it, its all in those charts!!!!!!!!!!
Joined: Jan 18, 2006 Posts: 289 Location: Bordeaux
Posted: Tue Mar 07, 2006 8:20 am Post subject: Re: The Proposed Iranian Oil Bourse
MrBill wrote:
For that matter. France has always had super power envy. They would like to be the counterweight to the US. They believe they have inside contacts in the Arab world. They are part of the eurozone. Paris is losing influence to London and Frankfurt in financial circles. The CAC40 is largely forgotten. Why would it not be in their interest to open a rival oil exchange with contracts denominated in euros? They have oil companies like Total that would support it. They have the banks and the infrastructure to support an exchange in euros. None of the problems that I mentioned with Iran. No obstacles. Could be up and running in six months. Just open another trading floor next to Bourse de Paris or add another contract to the Euronext. Heck, I bet if they opened one that the very next day that Russia would join it. Then China. Then Venezuela. Then the world. The ICE and the NYMEX would simply disappear and then France would achieve its dream. It would be important and relevant again. Of course, it goes without saying that as soon as France opened an oil bourse in euros that the dollar would collapse overnight. Then you guys would finally be vindicated and everyone would live happily ever after.
Man, don't be offending me, Mr Bill, with your fallacious explanations ! As a Frenchman, I know for sure that Chirac (our president, in case nobody knows) has passed a secret deal with Bush to tax us to the neck (public budget eats up 55% of our GNP), so setting up a business in France is just like giving out your money to charity, least to say an Oil Bourse !
Is all clearer now ??
Joined: Jan 18, 2006 Posts: 289 Location: Bordeaux
Posted: Tue Mar 07, 2006 8:34 am Post subject: Re: The Proposed Iranian Oil Bourse
Zentric wrote:
(by the way, I myself, have no emotional investment in this date -but thank you for the insinuation just the same ).
Zentric,
As someone who invests some small money in the market (for my future pension, as my communist government has made our pension system a ruin and a disaster to come) I would tell you something, maybe incredible (but true) to outsider : the dollar and the Dow or Nasdaq or CAC40 can go down and I don't care. I can still make money in downtime with a financial mecanism called "short". Anyone having invested in stock markets knows it.
No "emotion" is needed. Just rationale.
Posted: Tue Mar 07, 2006 9:54 am Post subject: Re: The Proposed Iranian Oil Bourse
miniTAX wrote:
MrBill wrote:
For that matter. France has always had super power envy. They would like to be the counterweight to the US. .
Man, don't be offending me, Mr Bill, with your fallacious explanations ! As a Frenchman, I know for sure that Chirac (our president, in case nobody knows) has passed a secret deal with Bush to tax us to the neck (public budget eats up 55% of our GNP), so setting up a business in France is just like giving out your money to charity, least to say an Oil Bourse !
Is all clearer now ??
All in jest my good man. France is one of my favorite places. They have everything. Good land. Good wines. Good food. The Atlantic and the Med. The Alps. Nothing better than skiing in Chamonix, unless it is sking at La Grave or Portes du Soleil or Les Deux Alps. History. A favorable climate. I even studied French for 6-7 years way back when. My step-father, brothers, sisters are French Canadian. Of course, that doesn't count. Country cousins compared to the Parisians. I may even go back to Toulouse for an entended period to brush-up on my French. Although I did read that eating fois grois can give you the bird flu? But don't get me started on French politics, politicians or the unions! Merde. ; - ) Read a great book on French exceptionalism called '60 million Frenchmen can't be wrong'. Quite humorous and informative. Written by some Canadians naturally! ; - ) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Tue Mar 07, 2006 10:21 am Post subject: Re: The Proposed Iranian Oil Bourse
MrBill wrote:
France is one of my favorite places. They have everything. Good land. Good wines. Good food.
Spoken truly as I would expect from someone who lived in Germany for several years. Just kidding. I liked Germany alot too, but something about living there makes you long for those Mediterranean countries. As the Germans say, the Germans live to work and the French work to live. Italy was my favorite place in Europe, though, no competition.
Posted: Tue Mar 07, 2006 10:37 am Post subject: Re: The Proposed Iranian Oil Bourse
Daryl wrote:
MrBill wrote:
France is one of my favorite places. They have everything. Good land. Good wines. Good food.
Spoken truly as I would expect from someone who lived in Germany for several years. Just kidding. I liked Germany alot too, but something about living there makes you long for those Mediterranean countries. As the Germans say, the Germans live to work and the French work to live. Italy was my favorite place in Europe, though, no competition.
I lived in Garmisch-Partenkirchen for 4-years. I really miss that now that I am in Cyprus. I need my mountains and Mt. Olympus is just not a substitute, although seeing the snow chaos in Bayern this week, I can see how people who do not like winter might yearn for sunnier climes. The worst was Frankfurt am Main. Always seemed to be overcast or cloudy. But agree. Italy is sweet. All the benefits of France, plus the wines are cheaper. Give me a farmhouse in Tuscany or wine tasting in Piedmonte or skiing in Cervinia anytime. Ah, post peak oil I may just have to choose only one and which one will it be? _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Joined: Jan 18, 2006 Posts: 289 Location: Bordeaux
Posted: Tue Mar 07, 2006 10:57 am Post subject: Re: The Proposed Iranian Oil Bourse
MrBill wrote:
All in jest my good man. France is one of my favorite places. They have everything. Good land. Good wines. Good food. The Atlantic and the Med. The Alps. Nothing better than skiing in Chamonix, unless it is sking at La Grave or Portes du Soleil or Les Deux Alps. History. A favorable climate. I even studied French for 6-7 years way back when. My step-father, brothers, sisters are French Canadian. Of course, that doesn't count. Country cousins compared to the Parisians. I may even go back to Toulouse for an entended period to brush-up on my French. Although I did read that eating fois grois can give you the bird flu? But don't get me started on French politics, politicians or the unions! Merde. ; - ) Read a great book on French exceptionalism called '60 million Frenchmen can't be wrong'. Quite humorous and informative. Written by some Canadians naturally! ; - )
1. I understand France is your "favorite place". Bill Gates once told : "France is the best place to spend money, and the worse place to earn it".
2. As to getting bird flu from eating foie gras (and NOT "fois" gras ) you're all wrong! We have good cures called Sauterne or as an emergency fix some Bordeaux (Saint Emilion for example). No worry !
3. BTW, as to trading, you know that from March on, Paris has opened an Energy Bourse call PowerNext (a cousin of Euronext) for the trading... CO2 quotas. They heard your advice, but as the IOB had the exclusive, they chose CO2. Yes, USD hegemony is at stake, definitely.
Posted: Tue Mar 07, 2006 11:06 am Post subject: Re: The Proposed Iranian Oil Bourse
Quote:
3. BTW, as to trading, you know that from March on, Paris has opened an Energy Bourse call PowerNext (a cousin of Euronext) for the trading... CO2 quotas. They heard your advice, but as the IOB had the exclusive, they chose CO2. Yes, USD hegemony is at stake, definitely
Are they owned by EDF or GDF or not YET? ; - ) Take care. Gotta wonder off home and drink some Cypriot wines here. I can close my eyes and pretend they are French or Italian. Tomorrow is a Russian holiday, so I am off. Feel free to make fun of me while I am gone. Salut. _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Posted: Wed Mar 08, 2006 3:46 am Post subject: Re: The Proposed Iranian Oil Bourse
Daryl wrote:
MrBill wrote:
I lived in Garmisch-Partenkirchen for 4-years.
What did you trade there? Lederhosen and Weizenbier?
No, I traded emerging market fixed income. Sold Iranian eurobonds to western European investors as well as a lot of PLN, SKK, HUF, CZK eurobonds in the so called EU convergence funds. Very good business at the time. However, I did wear my lederhosen to the beer garden to drink Weissbier, but only in the summer and for Oktoberfest! ; - )
RE Damien Jasper. I think going back about the last 20 posts here we have pretty much decided there was no time to open the IOB on March 20th because the necessary preparations have not been taken. There are some holdouts because they maintain it is all a big secret. Well, a secret exchange is no exchange. But thanks for the sentiments! ; - ) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Joined: Oct 12, 2004 Posts: 1647 Location: Davis, California
Posted: Wed Mar 08, 2006 5:19 am Post subject: Re: The Proposed Iranian Oil Bourse
Come on now, if you that the Iranian Oil Bourse is going to collapse the US dollar, I have a bridge in London that is practically a steal at the price I'm selling for.
The IOB is more of a posture or a gesture that the Iranians aren't going to play by the US's rules anymore. Sure, it's going to make a small impact BUT the act is symbolic. _________________ Joseph Stalin "It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything. "
Hopefully, the article and new link provided by Meteorologist will be moved to this thread. That's where the above link was found.
Quote:
According to ISNA, the market hit record low of 9,960 units, when shares of 160 companies were traded. Some 112 firms experienced a drastic decline in share prices and 19 companies enjoyed a slight boost.
The market remained below the minimum level at early trading hours of Tuesday, when it came down to 9,918 units. The general index was at its lowest rate in recent years on Tuesday.
Stock market analysts blame a number of factors for the present crisis, including nuclear controversies, domestic political developments and the country’s unstable economic situation.
However a senior economic official last week blamed what he called ’stock market bubble’ for tumbling indices, stressing that political developments are not responsible for the present crisis.
Please gimme some serious information or do not ask if I can come out and play? Iranian Stock Exchange, which is experiencing a rout, an exodus of capital, which is not rallying, is not the fabled IOB. Gawd I am so tired of this game. It is like it was fun to play with you guys for a while, and now I am just tired of it. Who killed JFK? ; - ) _________________ The organized state is a wonderful invention whereby everyone can live at someone else's expense.
Last edited by MrBill on Thu Mar 09, 2006 9:55 am; edited 1 time in total
Posted: Wed Mar 08, 2006 3:29 pm Post subject: Re: The Proposed Iranian Oil Bourse
Mr. Bill,
There's where I disagree with you. At any level, I disagree that posting "news" is not worthy. If the net weren't here, the world would be spoonfed its "news" from major news conglomerates easily subjected to government and corporate manipulation. The beauty of the internet is the wealth of information or disinformation that is available to the average person. It gives balance to an otherwise easily controlled and manipulated media outlets. So, even if there are many news links that need balance, so be it. Only by posting links can we all decide whether or not they are factual and thus worthy of consideration. "De-bunking" is a small price to pay for freedom of thought and expression. After all, how would any of us in the USA have the benefit of your opinion analysis without this site? You're too easily frustrated.
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). 
) you're all wrong! We have good cures called Sauterne or as an emergency fix some Bordeaux (Saint Emilion for example). No worry !
