] 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.

The Real Reasons for the Upcoming War in Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth, by W. Clark, 1/26/03