This from The Guardian today:
Oil leaders' private debate televised by mistake
And the money quote:
Saud al-Faisal, the Saudi foreign minister, warned that even the mere mention to journalists of the fact that leaders were discussing the weak dollar would cause the US currency to plummet.
Oops, too late. Turns out nobody was supposed to know that OPEC leaders are discussing how the crippled dollar is damaging the cartel ...
And who seems to be leading the talk about how the weakened dollar is damaging the cartel?
Why our two latest "enemies" of the U.S., Venezuela and Iran:
On Friday night, during what the participants thought were private talks, Venezuela's oil minister Venezuela Rafael Ramirez and his Iranian counterpart Gholamhossein Nozari, argued that pricing - and selling - oil using the crippled dollar was damaging the cartel.
Interesting. Wonder how they'll manage to pin the "terrorist" label on Chavez's Venezuela, something they've already done with Iran.
Sometimes, such innocent mistakes can have far-reaching economic and political consequences. Commodity and currency traders said this weekend that oil prices would surge again tomorrow - possibly breaking the $101 per barrel record set in the late 1970s - while the already battered dollar would fall further on the back of the unintentional broadcast.
Need a raise, anyone? I sure do. My dollars I'm earning are worth less every day. My family is feeling it, too, especially at the grocery store.
Just another disaster to add to Bush's resume. Good thing our "leaders" have decided he's above the law and impervious to impeachment!' Keep driving that bus right over the cliff, Pelosi and Reid. History will thank you. (not)