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Could this Iraq rumor have any merit? OES...(8 posts)

Could this Iraq rumor have any merit? OES...rwbadley
Feb 4, 2004 8:58 PM
I was speaking with a fellow the other day that mentioned the Iraq war may have had something to do with the possibility OPEC was considering a change from the dollar standard to the euro, and this would cave our economy. It was a move to keep a dollar based market...any thoughts?
re: Could this Iraq rumor have any merit? OES...Noam
Feb 5, 2004 2:41 AM
Sure... May be not for the $ sake but certainly to try to hurt OPEC a bunch of camel herders holding world economy at ransom. After Iraq Saudi Arabia.
Nah. GWB just wanted a war. No particular reason.OldEdScott
Feb 5, 2004 8:07 AM
Just because he felt like it.

I think we're pretty much forced to that conclusion, since none of the 'reasons' given proved even remotely true.
Your use of the phrase 'a bunch of camel herders' isbicyclerepairman
Feb 5, 2004 12:31 PM
instructive. However, it tells me more about you than it moves the conversation forward.
Your use of the phrase 'a bunch of camel herders' isNoam
Feb 7, 2004 4:00 AM
Do you know what these people lived on 50-80 years ago before oil was discovered under their desert?. Yes ! correct. Nothing has changed exept that they drive Rolls Roys these days.
re: That did happenjrm
Feb 6, 2004 2:21 PM
But the PNAC doctrine assumes that defeating Iraq will function as the camels back in the ME.
re: The end of OPEC monopoly price fixingNoam
Feb 7, 2004 3:54 AM
I am not sure that I understand your acronyms.

With USA controlling Iraqi oil outside OPEC, a healthy oil prices competitive trade will be initiated. As opposed to the present monopoly price fixing. This will push oil prices down. It may also end OPEC function if Libya also moves out of OPEC. The world will benefit from that. I just can not undestand why the Americans can not speed up production out of the Iraqi oil field.
so it IS about the US controlling their oil. nmrufus
Feb 8, 2004 7:30 AM