[alfiedotwtf]

> Magically blinking away the US military would not change any of the above consideration one iota.

Let's flip the question around: what happens when oil producing countries try to sell in non-USD? US military has entered the chat

[jcranmer]

Answer: nothing. No country has been invaded by the US military, or any other military for that matter, after selling, or even attempting to sell, oil in non-USD. Not Russia, not Iran, not Venezuela, not Iraq, not Libya, none of them.

(And I include the last few because there's no evidence they even attempted to sell oil in non-US currencies.)

[scrlk]

> No country has been invaded by the US military, or any other military for that matter, after selling, or even attempting to sell, oil in non-USD. Not Russia, not Iran, not Venezuela, not Iraq, not Libya, none of them.

Are you sure about that? Iraq was selling oil for euros and was then invaded in 2003.

https://www.theguardian.com/business/2003/feb/16/iraq.theeur... (published about a month before the invasion)

> Almost all of Iraq's oil exports under the United Nations oil-for-food programme have been paid in euros since 2001. Around 26 billion euros (£17.4bn) has been paid for 3.3 billion barrels of oil into an escrow account in New York.