Speculative theory

Petrodollar WarfareAtlas

Global Power & Elites · Banking & financial control

William R. Clark authored the book Petrodollar Warfare: Oil, Iraq and the Future of the Dollar. The term petrodollar warfare refers to the alleged motivation of U.S. military offensives as preserving by force the status of the United States dollar as the world's dominant reserve currency and as the currency in which oil is priced.