[hnbad]

Sure but why do you think that is. What currency oil is quoted in has more to do with foreign policy than economics. Regardless of what reasons the US may have had to invade Iraq in 2001, Saddam Hussein was literally on record in 2000 for planning to switch away from quoting Iraqi oil in US dollars to the Euro[0].

There was a ton of talk about the 2001 invasions being about the US oil reserves for itself but that's based on a very simplistic understanding of US foreign policy. The US didn't annex the oil fields, it disrupted the national oil company's monopoly to allow privatization of the market and invite international (especially US and US-friendly) investors. It was really more of a hostile takeover backed by the world's largest military.

Again, I'm not claiming that this was the sole reason behind the invasion or the primary motivator, but the US has a history of privatizing nationalized industries of countries it successfully invades, overthrows or interferes in the elections of.

[0]: Not a conspiracy theory. Here's an article from Nov 2000: http://content.time.com/time/subscriber/article/0,33009,9985...

[leesalminen]

Just to be clear, the US invaded Iraq in 2003, not 2001.

https://en.m.wikipedia.org/wiki/Iraq_War

[hnbad]

I stand corrected. Post-9/11 was a weird time and it kind of all blurs together.