Link to the Show / Show NotesWilliam R. Clark, discusses his book Petrodollar Warfare: Oil, Iraq and the Future of the Dollar and his groundbreaking essay "It’s the Energy and the Economy, Stupid."
The invasion of Iraq may well be remembered as the first oil currency war. Far from being a response to 9/11 terrorism or Iraq's alleged weapons of mass destruction, Clark argues that the invasion was precipitated by two converging phenomena: the imminent peak in global oil production and the ascendance of the euro currency.
For six years, Clark was manager of performance improvement at Johns Hopkins University School of Medicine. He is now an Information Security Analyst. His research on oil depletion, oil currency issues and US geostrategy received received two Project Censored awards, first in 2003 for his ground-breaking research on the Iraq War, oil currency conflict, and US geostrategy, and again in 2005 for his research on Iran’s proposed euro-denominated oil bourse.
Recorded January 30, 2007
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