NEWS: Iraq Invasion Was to Protect Israel

And now that OPEC is cutting back production and prices in the US are at nearly $2 a gallon (at least where I live) and are expected to go up at least another 50� a gallon shortly?

Would it still be correct to say that the US taking over Iraq was to impact oil prices? Looks like we're still paying through the nose and looks like we're still having to bow to the will of OPEC.

Oil pricing and consumer level gasoline pricing are not the same thing so the oil pricing theory still holds true. The main issue of the invasion was not over getting cheaper oil, it was to protect the U.S. dollar from dropping in value. The world currently is under the oil standard for currency values and any slip to the euro in that respect could be disastrous for the U.S. dollar and thus be a danger to the current level of control the U.S. has on the world. Or perhaps even more dangerous, complete collapse of the world economy as a whole.

[Edited on 1-4-2004 by heelstone]