Is the currency that oil is denominated in the real reason for the Iraq War? "The Federal Reserve's greatest nightmare is that OPEC will switch its international transactions from a dollar standard to a euro standard. Iraq actually made this switch in Nov. 2000 (when the euro was worth around 80 cents), and has actually made off like a bandit considering the dollar's steady depreciation against the euro. (Note: the dollar declined 17% against the euro in 2002.)"
posted by thedailygrowl on Feb 11, 2003 - 35 comments

The Saudis are about to deliver an ultimatum to Bush In a bleak assessment, he [Prince Abdullah] said there was talk within the Saudi royal family and in Arab capitals of using the "oil weapon" against the United States, and demanding that the United States leave strategic military bases in the region. Such measures, he said, would be a "strategic debacle for the United States." How should Bush respond?
posted by Rastafari on Apr 25, 2002 - 58 comments

Bush actually makes a decision contrary to the interests of big oil.
posted by rhizome23 on Jan 9, 2002 - 22 comments

What bin Laden and Bush Don't Talk About: The Politics of Oil , an article on alternet.org. The title is better than the article, but it's food for thought anyway.
posted by geir on Nov 10, 2001 - 6 comments

"The vice president says he would rather protect this refuge than gain the energy, but this is a false choice ..."
~G.W. Bush (on Gore's plan to keep the protected status of Alaska's Arctic National Wildlife Refuge, while Bush plans to open up parts of the protected land to oil prospecters.)
posted by tamim on Sep 30, 2000 - 25 comments