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Originally posted by Bluey
Depends on who you talk to.
Control of Iraq's oil would make a great tool to kick OPEC's arse.
And the 'The US can buy all the oil it needs' type arguments are pretty shallow. They can buy it but pretty soon they will have no control over any sources.
Those arguments are shallow. Suddam Hussein was one of the countries refusing to take US$ for oil. Because the USA is completely privatised they buy much more than they make and trade. Therefore, they are not recieving much money from other countries in exchange for their goods.
So by suddam refusing to take US$ they had to trade more with Iraq to get the money. If every country did this it would force the whole US enonomy to change and start making more things to export. Alot of European countries are now asking for Euro's.
So the US cannot buy as much oil as they want because sooner or later they will need to trade more with these countries in order to be able to pay them.








