https://www.un.org/Depts/oip/background/chron.html
Look at the chronology on the website. All this talk about Bush's invasion had the prime motive of getting Iraq's oil, while it has benefited the US from the point-of-view of increased supply leading to global oil market stability and US oil companies receiving contracts, is not true.
From the UN website:
In Dec 1996, Saddam accepts entry into the UN Oil-for-Food programme:
In 2000, Iraq switches from US dollars to euro as the currency on which to price its oil exports.
That's a big red line for the US, which uses force to make sure the US dollar is the de facto currency of the world. If Iraq doesn't fall in line, it would reduce demand for dollars, which would weaken the currency.
If another country switches from dollars to euros in the future, you'll see reports of regime change or something of that sort.
EDIT: Saddam was a brutal dictator who deserved to go. "vilified by misleading WMD claims" does not mean he wasn't evil already. Just that the US made the case for invasion to the world using WMDs. We all remember the warm Donald Rumsfeld-Saddam meetings in the 1980s. The US already knew Saddam was evil before the 1980s.
Look at the chronology on the website. All this talk about Bush's invasion had the prime motive of getting Iraq's oil, while it has benefited the US from the point-of-view of increased supply leading to global oil market stability and US oil companies receiving contracts, is not true.
From the UN website:
In Dec 1996, Saddam accepts entry into the UN Oil-for-Food programme:
10 December 1996: Following the Secretary-General's report to the Council that all measures are in place for the implementation of resolution 986 (1995), phase I officially begins with the pumping of Iraqi oil for export. The first proceeds from the sale of oil are deposited in the United Nations Iraq Account (Escrow Account), at the Banque Nationale de Paris in New York on 15 January 1997.
In 2000, Iraq switches from US dollars to euro as the currency on which to price its oil exports.
31 October 2000: The Security Council's 661 Committee authorises the UN Treasury to open an UN Iraq account in euro. It also requests an in-depth report within three months on the costs and benefits for the Programme and other financial and administrative implications of the payment for Iraqi oil in euro.
That's a big red line for the US, which uses force to make sure the US dollar is the de facto currency of the world. If Iraq doesn't fall in line, it would reduce demand for dollars, which would weaken the currency.
If another country switches from dollars to euros in the future, you'll see reports of regime change or something of that sort.
EDIT: Saddam was a brutal dictator who deserved to go. "vilified by misleading WMD claims" does not mean he wasn't evil already. Just that the US made the case for invasion to the world using WMDs. We all remember the warm Donald Rumsfeld-Saddam meetings in the 1980s. The US already knew Saddam was evil before the 1980s.
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