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Iraq was about securing the US Dollar as the reserve currency for trading oil, not about securing supply to Western Europe. Saddam was threatening to start trad
by arrosenberg 6y ago
Iraq was about securing the US Dollar as the reserve currency for trading oil, not about securing supply to Western Europe. Saddam was threatening to start trading in Euros - he wasn't threatening to cut them off.
- readarticle 6y ago“Unthreatened” by regional conflict that spirals into affecting regional output more than anything explicit like turning off the taps. And I’m sorry, but I personally still can’t/won’t do petrodollar discussions on the internet. It’s a perfectly valid reason for US involvement here, but I have been deeply scarred when it comes to good faith on this subject.