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I think the war is one big scam.   We went in because Saddam Hussein switched his oil transactions to be done in Euros instead of Dollars.  

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So has Saudi Arabia and Iran and Venezuela...

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Quote: from scalywag66 at 8:39 am on May 6, 2008

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I think the war is one big scam. We went in because Saddam Hussein switched his oil transactions to be done in Euros instead of Dollars.  

 

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So has Saudi Arabia and Iran and Venezuela...

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Last I heard, Iran was the latest to do so, and just recently at that.

I don't think Venezuela or Saudi Arabia have denominated in Euros, especially not the Saudis.  Aren't they who we have the major oil contract for themto sell their oil in Dollars and we keep em supplied with arms etc.?

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I thought the Saudis were mulling the idea.  

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But they haven't done so. The only nations that I know of now that are denominating oil transactions in something other then dollars is Venezuela and possibly Iran.

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"I give the probability of this working at zero" - Dan DeMatteo