Tuesday, October 30, 2012

Oil, Dollars, Euros And Dead Iraqi's

Control of Middle Eastern oil resources has always been a matter of strategic concern to the United States. In his famous speech of 1947 when he initiated the Cold War and enunciated the doctrine that now goes under his name, US President Truman referred to the Middle East with its “great natural resources” as among the considerations that motivated the fight against “communism.”

In 1974-75, in the midst of the OPEC oil price hikes and the threat of extended oil embargoes, the US administration discussed the possibility of undertaking military action against oil-producing states.

http://www.informationclearinghouse.info/article1554.htm