Monday, March 20, 2006

The "Oil in Euros" argument

Kenneth Davidson in The Age gives us an uncritical review of the "pre-emptive strike to prevent trading oil in Euro's" interpretation of US policy in the Middle East. This got a good run on many Left leaning sites in the run up to the Iraq invasion. Now it is being cited as a reason why the US will attack Iran.

This argument has always smelt wrong to me. However, when I search the Internet to see who thinks it is wrong, I haven't found all that many sites dealing with it in detail. (Perhaps it is so silly there is no need to.) A case of a good conspiracy theory getting all around the world while the truth is still stuggling with its pants?

Any reader who has some really good links about it is welcome to provide them. In the meantime, I take heart from a Salon.com column which argues that the idea is not very credible. If the rabidly Bush hating Salon does not think much of the theory, I think I can safely assume it is largely rubbish.

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