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Ukraine War Driven by Gas-Dollar Link -- Defending Dollar Imperialism

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Mike Whitney
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Two months after Assad signed the deal with Iraq and Iran, the rebellion broke out in Syria. That's quite a coincidence, don't you think? Funny how frequently those kinds of things happen when foreign leaders don't march to Washington's tune.

Here's more from Minin:

"Qatar is doing all it can to thwart the construction of the pipeline, including arming the opposition fighters in Syria, many of whom come from Saudi Arabia, Pakistan and Libya...

"The Arabic newspaper Al-Akhbar cites information according to which there is a plan approved by the U.S. government to create a new pipeline for transporting gas from Qatar to Europe involving Turkey and Israel...

"This new pipeline is to begin in Qatar, cross Saudi territory and then the territory of Jordan, thus bypassing Shiite Iraq, and reach Syria. Near Homs the pipeline is to branch in three directions: to Latakia, Tripoli in northern Lebanon, and Turkey. Homs, where there are also hydrocarbon reserves, is the project's main crossroads, and it is not surprising... that the fiercest fighting is taking place. Here the fate of Syria is being decided. The parts of Syrian territory where detachments of rebels are operating with the support of the U.S., Qatar and Turkey, that is, the north, Homs and the environs of Damascus, coincide with the route that the pipeline is to follow to Turkey and Tripoli, Lebanon. A comparison of a map of armed hostilities and a map of the Qatar pipeline route indicates a link between armed activities and the desire to control these Syrian territories. Qatar's allies are trying to accomplish three goals: to break Russia's gas monopoly in Europe; to free Turkey from its dependence on Iranian gas; and to give Israel the chance to export its gas to Europe by land at less cost."

How do you like that; another coincidence: "The fiercest fighting (in Syria) is taking place" where there's massive "hydrocarbon reserves" and along the planned pipeline route.

So the conflict in Syria isn't really about terrorism at all. It's about natural gas, competing pipelines and access to markets in the EU. It's about money and power. The whole ISIS-thing is a big hoax to conceal what's really going on, which is a global war for resources, more blood for oil.

But how does the US benefit from all of this, after all, won't the gas revenues go to Qatar and the transit countries rather than the US?

Yep, they sure will. But the gas will also be denominated in dollars which will shore up demand for USDs, thus perpetuating the petrodollar recycling system which creates a vast market for US debt and which helps to keep US stocks and bonds in the nosebleed section. And that's what this is all about, preserving dollar supremacy by forcing nations to hold excessive amounts of USDs to use in their energy transactions and to service their dollar-denominated debts.

As long as Washington can control the world's energy supplies and force the world to trade in dollars, it can spend well in excess of what it produces and not be held to account. It's like having a credit card you never have to pay off.

That's a racket Uncle Sam is prepared to defend with everything he's got, even nukes.

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Mike is a freelance writer living in Washington state.

Related Topic(s): Bashar Al-assad; Imperialism; Markets; Oil; Pipeline; Sanctions; Syria; Ukraine; Vladimir Putin, Add Tags
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