Replies to post #77363 on Politics and Money

[BOREALIS]

OIL, baby OIL .. and WAR PROFITEERING

[shermann7]

From my reading, the Iraq war was about quite a number of things depending what group one is affiliated with....

1. Bankers objected to the fact that Hussein started trading oil in Euros instead of Petro-Dollars.

2. The Military wanted Iraq for it's strategic position in the middle east.

3. The Oil companies and their allies wanted the oil...

4. Bush was mad because Hussein tried to assassinate his dad.

5. Womens groups supported the war based on womens rights.

6. Evangelicals wanted Christians to have more of a say.

So Forth and So On....

Shermann

[benzdealeror2]

Not as much about oil as the way in which he traded it.

Foreign Exchange: Saddam Turns His Back on Greenbacks

By William Dowell/New York City Monday, Nov. 13, 2000

Europe's dream of promoting the euro as a competitor to the U.S. dollar may get a boost from SADDAM HUSSEIN. Iraq says that from now on, it wants payments for its oil in euros, despite the fact that the battered European currency unit, which used to be worth quite a bit more than $1, has dropped to about 82[cents]. Iraq says it will no longer accept dollars for oil because it does not want to deal "in the currency of the enemy."

Read more: http://www.time.com/time/magazine/article/0,9171,998512,00.html#ixzz2O2G0ySIO