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The “petro-dollar” concept begs to differ. It postulates that the USD is propped up by continuing the trade of oil for USD. The US ha certainly invaded multiple
by leesalminen 6y ago
The “petro-dollar” concept begs to differ. It postulates that the USD is propped up by continuing the trade of oil for USD. The US ha certainly invaded multiple countries ostensibly for control of their oil.
- jcranmer 6y ago> The US ha certainly invaded multiple countries ostensibly for control of their oil. No it has not. The "multiple countries" of which you likely refer to is in fact two: Iraq and Libya, and the declared reason in neither case involved oil. The US went to war against Iraq ostensibly because of Saddam's WMD programs (which were only later conclusively found not to exist), and the intervention in Libya was at the bequest of the United Nations following the popular revolt and civil war against Muammar Qaddafi, itself largely deriving from similar uprests started after a Tunisian set himself on fire and improbably drove the Tunisian dictator on the exile. In neither case was control of oil a declared reason. And in neither case has control of oil ever been clearly demonstrated to be an actual reason for going to war.
- lucian1900 6y agoBoth countries were moving away from trading oil in USD. So is Iran and it’s under constant threat too. Just because the US manufactures some other excuse doesn’t mean it’s true. Why would you believe the invader?
- leesalminen 6y agoMore recently we’ve seen this behavior with US intervention in Syria. A Biden administration official all but conceded that the US presence in Syria is to control their oil production. https://mobile.twitter.com/BenjaminNorton/status/1191808201177604096 https://mobile.twitter.com/BenjaminNorton/status/11918082011...
- leesalminen 6y ago> The US went to war against Iraq ostensibly because of Saddam's WMD programs (which were only later conclusively found not to exist) This position assumes the US is completely incompetent and invaded a country for a fake reason. I’d argue that’s nonsense- they knew exactly what they were doing but the reason wasn’t palatable to the American people so they had to fabricate a “better” reason.
- deleted 6y ago[deleted]