] summary
]
] Although completely suppressed by the U.S. media and
] government, the answer to the Iraq enigma is simple yet
] shocking -- it is an oil currency war. The real reason
] for this upcoming war is this administration's goal of
] preventing further Organization of the Petroleum
] Exporting Countries (OPEC) momentum towards the euro as
] an oil transaction currency standard. However, in order
] to pre-empt OPEC, they need to gain geo-strategic control
] of Iraq along with its 2nd largest proven oil reserves.
] This essay will discuss the macroeconomics of the
] `petro-dollar' and the unpublicized but real threat to
] U.S. economic hegemony from the euro as an alternative
] oil transaction currency. The author advocates reform of
] the global monetary system including a dollar/euro
] currency `trading band' with reserve status parity, and a
] dual OPEC oil transaction standard. These reforms could
] potentially reduce future oil currency warfare.

] Although completely unreported by the U.S. media and
] government, the answer to the Iraq enigma is simple yet
] shocking -- it is in large part an oil currency war.

This was recommended by doddster98 as something to read coming off my concern about the continuing fall of the dollar. After reading through it is something that deserves it's own thread.

I was both impressed by the piece and curious to find out who this guy actually is. I mean I say this and it makes sense, but I could be just another conspiracy wacko. The answer to who the writer is came from Amazon of all places. "William Clark is Manager of Performance Improvement at Johns Hopkins University School of Medicine. His research on oil depletion, oil currency issues and U.S. geostrategy received a 2003 Project Censored award, published in Censored 2004. He lives in Columbia, Maryland."

This piece is VERY dense, but more than worthwhile reading. There are reasons for maintaining good relations with your allies.