Business Channel 2007-11-21&11-23, 2007OPEC峰会

There were two anti-US firebrands, Iran and Venezuela who are making the most noise, and they were saying that the weaker US dollar is to blame for the record high oil prices. Currently oil export earnings¹ are denominated in US dollars. And that's one of the reasons why we have Saudi Arabia as well as the UAE, pegging² their currency to the greenback. Now what people are saying is that Venezuela as well as Iran were pushing for the OPEC oil cartel to move instead to a basket of currencies away from the US dollar a lot of analysts³ are saying that that would probably be impossible for the OPEC, for OPEC to really do. Especially because Saudi Arabia was caught on close-circuit TV, saying that they should stop talking about the US dollar altogether because there were concern , the country was concerned that the US dollar would continue to weaken further.

Interesting, OPEC taking inspiration from Gesal , Bernsham, perhaps Jay-Z, who has been caught flushing euros in this latest rob video. Now what else came out of the meeting? well, what really came out of the meeting is that OPEC's just clearly divided over their opinion on the US dollar on their stance towards the United States as well as on whether or not OPEC really should increase production or not . Now what people were saying was that really OPEC, you know, on the one hand, you have Venezuela who was talking up the oil prices by basically saying that oil could hit two hundred dollars a barrel. If the US were to strike Iraq, sorry, strike Iran, or to strike Venezuela, now then on the other hand, you have Saudi Arabia which of course, was, is really a long time ally of the United States and is trying to move the conversation away from politics and more towards environmental concerns.

Notes:

The Greenback: A note of U.S. currency.

1 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

2 pegging   

n.外汇钉住，固定证券价格v.用夹子或钉子固定( peg的现在分词 )；使固定在某水平

参考例句：

• To write a novel,one must keep pegging away at it consistently. 要写小说，必须不断辛勤劳动。 来自《简明英汉词典》
• She was pegging the clothes out on the line to dry. 她正在把衣服夹在晒衣绳上晾干。 来自辞典例句

3 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。