Monday, November 19, 2007

OPEC leaders debate ditching the dollar.

One of the comments on the original post read: "I remember one other Middle East leader who tried to sell oil for Euros a few years ago. I wonder what happened to that guy."--Pete

The Observer reports that during OPEC’s meeting this past weekend, leaders of the oil-producing nations “argued that pricing - and selling - oil using the crippled dollar was damaging the cartel.” The meeting was supposed to have been private, but was mistakenly broadcast to the media for more than half an hour after a technician had incorrectly plugged the TV feed into the wrong socket. (HT: The Zoo)

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