Third Party & Independents Archives

Why the war in Iraq was necessary

At almost any protest against the war in Iraq you will see “NO BLOOD FOR OIL” or some similar comment on a poster. Many on the left have claimed this war was all about oil. The truth is this is not far from reality, however most have excused away those who have written about this as conspiracy type theorists. If you look at the facts? You get a different picture.

First let's take a quick look at why the dollar is important in the trade of oil. Oil can be bought from OPEC only if you have dollars. This creates a great demand for dollars outside the U.S. This means the U.S. only has to print dollar bills in exchange for goods. Everyone has to have the dollar to trade in oil so this has allowed the US to survive with no gold backing to our dollar. Our economy survives based on the need of other countries to have our dollars.

In 2000 Saddam sealed his fate, this was well before any claims of WMD, he changed the petro monetary unit for his country to the euro. Other countries discussed this as well. Russia considered it, other countries were discussing it. This would have led to a huge financial crash for the United States. Our Saudi friends had promised us they would always make sure OPEC traded in US dollars, however that was becoming unsure.

Many asked why didn't France, Germany and Russia among others not support the US request to go enforce UN sanctions by force. The answer is simple. They profited from Iraq's switch to the euro and knew if it continued they would increase the power of the euro. Had the US not taken over Iraq and switched the petro monetary unit back to the dollar, it could have created a situation where the euro ended up having the same power as the US dollar. If all oil were traded in euros it would become necessary and stable just as the US dollar depends on it.

I suspected this was one of the reasons for the war in Iraq, and also a slight reason for Afghanistan in addition to 9/11 very early on. It was one of the reasons I did support the war in Iraq and going against the UN. If Saudi Arabia loses it's control over OPEC our connection with both Afghanistan and Iraq will continue to save the US dollar as the main petro unit. Why this wasn't promoted as a valid reason for war I can't explain. Some feel it would have hurt consumer confidence. Personally I feel our government and our media did us a disservice by not making this one of the issues. I feel most Americans had they realized the huge financial impact such a switch would have on the US would have been more supportive of the war rather than less supportive. It would have been understood more clearly as to why some of Europe did not support the war and would have become more about our very survival. Some of the articles I have read about what could have happened to our country had there been a sudden switch to the euro make the Depression seem like a walk in the park.

One of our other "axis of evil" countries Iran? They have started using the euro more and have also considered switching from dollars as the oil monetary unit to the euro.

Why hasn't this been reported? It has, however as mentioned above most times it gets passed off as conspiracy theory. If you take the time to look at the facts and see that this has been reported outside of the US then realize what the impact would be to the US if the euro were to replace the dollar for oil? When someone tells you it was all about the oil....they had a point.

Some of the sources I used for this article, I realize it will be left to the reader to separate the fact from the theory, but well worth it if you really are seeking answers.

William Bowles
Third World Traveler


Posted by Lisa Renee Ward at August 19, 2005 10:49 PM