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Iraq conspiracy
simon reeves looks into the reasons behind the war in Iraq, from oil to the petrodollar to US supremacy and finishes with the Iranian Oil Bourse to trade oil in Euro, set to go online in March 2006, and how that mgiht be the cause for a war with Iran.
Length: 2748
Rating: 4.50 (2344 ratings)
Tags: iran iraq oil petrodollar euro war lies conspiracy
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Iraq War Conspiracy part 2 Petro Dollar
Oil War Iraq Sadam Conspiracy
Length: 489
Rating: 5.00 (4 ratings)
Tags: Iraq War Oil Conspiracy Iran
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Iraq War Conspiracy part 1 Petro Dollar
Petro dollar recycling, why America really attacked Iraq
Length: 599
Rating: 5.00 (3 ratings)
Tags: Iraq Conspiracy Oil War Sadam
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The Petro Dollar - Part 1 of 4
Documentary regarding: The Petro Dollar.
A petrodollar is a U.S. dollar earned by a country through the sale of petroleum. The term was coined by Ibrahim Oweiss, a professor of economics at Georgetown University, in 1973. Oweiss felt there was a need for a word to describe a situation then occurring in OPEC countries in which an imbalance of trade largely utilizing a single currency was largely offset by that currency's role as a reserve currency. Given the general tendency for crude oil prices to rise and become more volatile in recent years, it may even be argued that crude oil trading may, in the long term, be a significant liability for the stability of the currency in which the trade is conducted.
Petrodollars refers to the money that Middle Eastern countries and members of OPEC receive as revenue from Western nations and then put back into those same nations' banks. For example if Libya were to receive money from the U.S. for oil and then put the money into a U.S. bank, that deposited money is referred to as petrodollars.
Length: 555
Rating: 5.00 (9 ratings)
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