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Iraq and the Petrodollar: the origins of the US' Iraq War?

submitted by calvados

1 decade 6 years 1 week ago

(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.

2 Comments

Fedquip

says...

Once you reach the 45 Minute Mark..This Article may interest you.

CBS News - April 30.
Iran Ends Oil Transactions In U.S. Dollars
http://www.cbsnews.com/stories/2008/04/30/business/main4057490.shtml

fissionchips

says...

The Petrodollar conspiracy is a weak one, and is not backed by any serious economic argument. At roughly $6 trillion foreign exchange reserves are simply not that large a chunk of global assets (not to mention debts or transactions).

That said, control over oil production probably has a far larger economic and political value than the price of oil would suggest.