The Iraq War, Oil, and Dollars

I was reading the comments on a Glenn Greenwald post, and the regulars were all arguing about the ‘real reason’ that the US Empire invaded Iraq to overthrow Saddam Hussein. Many were adamant that it was all about the oil. I offered my opinion on the matter and now am positing it here. I have edited it slightly for better readability in this venue and the picture, of course, is added.

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The Iraq War was not about oil, and it was about oil at the same time. It depends on what aspect of that horror you care to dwell on. The truth is that the rulers of the American Empire know very well that oil is fungible and that we don’t need to occupy the Middle East to insure we have enough oil. Hell, for practical reasons we get most of our oil from this hemisphere anyway.

But the US Empire is bankrupt and only our currency’s status as the world’s “reserve currency” keeps the credit lines open for us. The fact that Middle East oil is traded only in dollars helps to keep America’s Dollar in the position of the world’s reserve currency. Saddam and others had hoped to break the chains of our domination of the oil market via the dollar — and paid a dear price. Remember, Saddam was our boy: we put him into power. Sure he was a dictator, but that never offended the US leadership any; unless we needed propagandize our people for a coming war.

Oil played a big part since the people were told that we would take oil from Iraq to pay for the short, “cake-walk” of a war and we would maybe even make a little extra money on the deal for our troubles. I don’t think the leaders really believed that, but that was the story they had their minions in the press tell the people. But oil was also a big part due to the oil-for-dollars-only policy which was (and remains so) very, very important to the empire.

It boils down to POWER. Money is about power, but so are many other things. The USA wants to order the world around and have everyone kneel to our wishes. We are in the Middle East to protect our status as the country with the reserve currency, to keep Israel happy by destroying their neighbor countries that stand in the way of a “Greater Israel”, and to keep the military-industrial-intelligence complex happy with yet more war.

Remember what Mussolini taught us about the political-economic system of his that we adopted here in the 30s. Yes, we are a fascist state. Since “fascist” has so much baggage, perhaps it is better to say corporatist or crony-cap but we are fascist non the less.

The American invasion of the middle east was about power, and it is still all about power. Bank on that.

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