Iran Threatens US Dollar At Closed OPEC Meeting

The the Organization of Petroleum Exporting Countries(OPEC), Iran’s Foreign Minister Manoucher Mottaki, was accidentally overheard telling the members it was time to end linking the price of oil to the American dollar because of the continual depreciation of that currency. “The reality is we have this problem. I think we should draft the declaration to reflect our concerns.” Foreign Minister Saud al-Faisal of Saudi Arabia responded that such a declaration would hurt the price of oil. “Nobody wants to have less money than more money. I am sure we all agree on that.” It also came out, President Chavez of Venezuela, wants to cut the price of oil being sold to poor nations while keeping it high on the wealthy ones. OPEC leaders want to make certain Chavez is kept away from the media

The United States of America’s refusal to become energy smart is resulting in other nations treating it as energy dumb. It is now almost forty years since OPEC became a force in the world but America still refuses to make dramatic steps to end dependency on oil and, as a result, increasingly has other nations making decisions about what happens in the United States of America.