Monday, March 24, 2003

The real reason for [the Iraq war] is this administration's goal of preventing further Organization of the Petroleum Exporting Countries (OPEC) momentum towards the euro as an oil transaction currency standard... This essay will discuss the macroeconomics of the `petro-dollar' and the unpublicized but real threat to U.S. economic hegemony from the euro as an alternative oil transaction currency.
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One of the bidders on iraq's reconstruction project: Echtel, considered the largest contractor in the country, and one of the largest in the world. Its board includes a former secretary of state, George P. Shultz, and its ranks once included a former defense secretary, Caspar W. Weinberger.

Another bidder: Fluor, Last April, Fluor hired Kenneth J. Oscar, who as acting assistant secretary of the Army oversaw the Pentagon's $35 billion-a-year procurement budget. Its board includes Bobby R. Inman, a retired admiral who was also former director of the National Security Agency and deputy director of the Central Intelligence Agency.

NYTimes: Which Companies Will Put Iraq Back Together? (username: useless password: useless)

(Thanks to James)