The Smorgasbord
 
Thursday, 16. October 2003
Russia to price oil in euros

That the dollar is taking a hammering is documented well. But when this story last night in The Telegraph, I was petrubed. It spoke of how Russia is to start pricing its huge oil and gas exports in euros instead of dollars as part of a stragetic shift to forge closer ties with the European Union. Juxtapose this story with an earlier posting I had made on the dollar versus the euro.

Interesting times that we live in, eh?

 
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