Islamic Republic have come up with another way to beat the US-Israel sponsored four international ‘crippling sanctions’. On July 13, 2011 – Iran’s minister of Economy and Financial Affairs, Shamseddin Hosseini, announced the opening of Kish International Stock Exchange to handle Iran’s sale of oil and petroleum related products.
The West’s economic crisis have shown the ugly side of Capitalism which is based on loot and pillage of the middle and lower-bracket income world majority. The Wall Street and IMF (both controlled by Zionist Jews) have been exposed as the vaneguard of this evil economic system.
With a $14.2 trillion national debt, Washington is facing its economic Tsunami. Obama is trying to get the Congress raise the borrowing ceiling which has been raised dozens of times in the past. None of the three major parties are interested in solving the economic problem but trying to save it for the next year election issue. The Obama administration has stooped so low that its ‘experts’ have warned that if the debt ceiling is not raised – Al-Qaeda (Mossad) will attack some American landmark.
So what this new Iranian exchange will do? “The commodity stock exchange has been pursuing a mechanism for offering crude oil on the stock exchange for a long time, and it has taken the preliminary steps, to the extent possible. Considering the existing banking problems, foreign customers are not expected to be taking part in the first phase of offering crude oil on the stock exchange, and this will be done on a trial basis. Today Bahregan heavy, high quality, low sulfur crude oil with less sourness will be offered on the stock exchange for the first time. In the first phase, a 600,000 barrel shipment will be offered,” explained Mohsen Qamsari, deputy director for international affairs of the National Iranian Oil Company.
Iran holds roughly 10 percent of the world’s total proven petroleum reserves. It is the world’s fourth largest oil producer and is OPEC’s second largest producer after Saudi Arabia. Natural gas is predicted by US-based EIA to become the primary energy source by 2030.
Within the Middle East, Iran is the undisputed top holder of gas reserves. Its South Pars gas field is the world’s largest. If converted to barrel-of-oil equivalents, Iran’s South Pars would dwarf the reserves of Saudi Arabia’s giant Ghawar oilfield. The latter is the world’s largest oilfield and since it came into operation in 1948, Ghawar has effectively been the world’s beating heart for raw energy supply. In the soon-to-come era of natural gas dominance over oil, Iran will oust Saudi Arabia as the world’s beating heart for energy.