Republicans Block Oil Windfall Tax
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Wilkinson's self-serving act has set off a world-wide frenzy of speculation, particulary oil speculation, with traders in London and Dubai holding onto their oil stocks in order to obtain a better price in Euros than they can now achieve with dollars. That, in turn, plays into the hands of oil producing nations who may have reasons not to like America (i.e. Iran, Venezuela...) to insist on petrol-Euros for their product, further depressing the dollar world-wide.
Janet Ritz | Posted 06.10.2008 | Green