sigmadelta Posted August 22, 2006 Report Share Posted August 22, 2006 I came across this recently, which has some interesting first hand comments on the oil market http://uk.theoildrum.com/story/2006/8/13/71557/8571 Link to comment Share on other sites More sharing options...
needle Posted August 22, 2006 Report Share Posted August 22, 2006 Who is Chris Vernon? Didnt he used to post on HPC? Anyone remember his 'handle'? Link to comment Share on other sites More sharing options...
drbubb Posted August 22, 2006 Report Share Posted August 22, 2006 GOOD FIND... Cook's involvement in the Iranian Oil Bourse project stemmed from work he did in the late nineties on manipulation of the oil market by the intermediaries. As a result of the realisation of how the intermediaries were making the market more volatile than it needed to be, making money at both the producer and consumers expense, Cook wrote to the governor of the central bank of Iran proposing the creation of a Middle Eastern Exchange with its own benchmark price. The Iranians liked the idea, the Saudis however couldn't support it due to US connections. After 9/11 the Saudi's withdrew their objections and in May 2004 Cook was invited to Iran's central bank to give a presentation setting out how an oil exchange might operate Link to comment Share on other sites More sharing options...
Sledgehead Posted September 6, 2006 Report Share Posted September 6, 2006 can't get it to load. Am I alone? Link to comment Share on other sites More sharing options...
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