Iraq and the Petrodollar: the origins of the US' Iraq War?
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Stumble This(45 min) Inspired by DFT's post. Presented by Simon Reeves and aired on the UK's Sky Two television, it includes interviews with Karen Kwiatkowski and William Clark.
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CBS News - April 30.
Iran Ends Oil Transactions In U.S. Dollars
http://www.cbsnews.com/stories/2008/04/30/business/main4057490.shtml
That said, control over oil production probably has a far larger economic and political value than the price of oil would suggest.