– “Anti-Petrodollar” CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow (ZeroHedge, Oct 20, 2014):
Three months ago, the CEO of Total, Christophe de Margerie, dared utter the phrase heard around the petrodollar world, “There is no reason to pay for oil in dollars,” as we noted here. Today, RT reports the dreadful news that he was killed in a business jet crash at Vnukovo Airport in Moscow after the aircraft hit a snow-plough on take-off. The airport issued a statement confirming “a criminal investigation has been opened into the violation of safety regulations,” adding that along with 3 crewmembers on the plane, the snow-plough driver was also killed.
As RT reports,
According to preliminary data, the light aircraft collided with a snow-cleaning machine on takeoff, a source at the capital’s airport told RIA.
The aircraft was sending distress signals while still in the air and reporting an engine fire and fuselage damage, LifeNews reports. Upon crashing on the runway, the aircraft was engulfed in flames, reportedly killing everyone on board.
While initials reports suggested four people died in the tragedy, officials report that five bodies were found at the crash site, one allegedly being the driver of the snow-cleaning vehicle.
Vnukovo Airport has temporarily suspended all flights following the incident.
“A criminal investigation has been opened into the violation of safety regulations after a light aircraft crash in the capital’s Vnukovo airport,” transport official Tatyana Morozova told RIA.
An investigative group is working at the crash site, Morozova added. In addition to people who were on board the plane, she said, the driver snowplow was killed.
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The plane he was aboard…
— RT (@RT_com) October 20, 2014
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Of course this could merely be a desparately sad accident… aside from the coincidence of this so recently…
Christophe de Margerie, the CEO of Total (the world’s 13th biggest oil producer and Europe’s 2nd largest), believes “There is no reason to pay for oil in dollars.” Clearly, based onhis comments, that we have passed peak Petrodollar.
Oil major Total’s chief executive said on Saturday the euro should have a bigger role in international trade although it was not possible to do without the U.S. dollar.
Christophe de Margerie was responding to questions about calls by French policymakers to find ways at EU level to bolster the use of the euro in international business following a record U.S. fine for BNP.
“There is no reason to pay for oil in dollars,” he said. He said the fact that oil prices are quoted in dollars per barrel did not mean that payments actually had to be made in that currency.
So even a major beneficiary of the status quo appears to see the end in sight for the Petrodollar.
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And of course, it had to happen in Russia!