Quote:
Originally Posted by Codz
We get most of our oil from ourselves, Canada, and South America. That's essentially where the "War for Oil" argument falls apart.
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Yopu still make money by global oil sales, no matter where in the worlkd, and the dollar still is the currency of oil. And you can gain more money by it when influencing trafficking schemes and contracts accordingly. You can also imporve yoiur global strategic position - against those buying poil from Iraq - by being able to have influence in Iraqi opil business. That is what it was about. Not stealing oil in bottles and smuggling it out of the country.
Don'T dare to imagine what it means to your already disastrous finances when oil producers refuse to do their deals in dollars anymore. OPEC has a formidable Ace in its deck there.