In his February 14, 2006, speech before the U.S. House of Representatives, U.S. Congressman Ron Paul (R-TX) said: “There was no public talk of removing Saddam Hussein because of his attack on the integrity of the dollar as a reserve currency by selling oil in Euros. Many believe this was the real reason for our obsession with Iraq. I doubt it was the only reason, but it may well have played a significant role in our motivation to wage war. Within a very short period after the military victory, all Iraqi oil sales were carried out in dollars. The Euro was abandoned.”
– Ron Paul, “End of the Dollar Hegemony,” Speech to U.S. House of Representatives, Feb. 14, 2006