OPEC Interested in Non-Dollar Currency
Do you believe the behind the scenes leaked news that OPEC members want to support the dollar, or the posturing by Iran's Ahmadinejad and Venezuela's Chavez, who have blatant political motives for creating a new world standard for pricing oil? I'll go with door number 1. Nevertheless, oil will price over $100 this week.
[Added 11/19/2007] Note that this was only the third time that a full OPEC meeting has occurred with all members and states since the committee was formed in 1960. What does that say?
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