No Matter What They Say, It’s Still About Oil

Sun-Sentinel.com – We are now witnessing another fear-inducing barrage of propaganda mirroring the exaggeration and deception that led to the ongoing debacle in Iraq. This time the target is Iran, with the same underlying but unspoken rationale: continuing control of worldwide trade of oil in U.S. dollars and its production in pliant and friendly hands.

Saddam’s unforgivable sin was to persuade the U.N. to allow him to sell oil for euros in the Oil for Food program, bringing him a huge windfall as the dollar fell and the euro advanced. When the U.S. invaded Baghdad, it secured the oil ministry and moved quickly to convert oil sales back to the dollar.

Iran has gone further, announcing the opening next week of the Iran Oil Bourse, a worldwide exchange, trading in euros and breaking the U.S. monopoly.
South Florida Sun-Sentinel