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The American Empire in a Changing World



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Saturday, April 21, 2012

Book Review: "Petrodollar Warfare''

By William R Clark

"The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9-11 terrorism or Iraq's alleged weapons of mass destruction, Petrodollar Warfare argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production, and the ascendance of the euro currency."

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