Quote Originally Posted by FreelancePoliceman View Post
F.D.R. and Abdul-Aziz Ibn Saud made an agreement in the 40s when the former was returning from the Yalta Conference. The U.S. would protect the Saudi crown, and in exchange, S.A. would co-operate with the U.S. on anything it asked, and, of course, provide it with oil. This agreement has remained since then. Saudi Arabia was made into a puppet state of the U.S. in exchange for security — not the other way around.
Most of US's oil comes from Canada now. The Petrodollar deal is now directed towards protecting the Saudis' monopoly on the local oil trade. If someone trades oil for a different currency than the USD, US attacks them, because another currency being able to bypass the exchange for US dollars now hurts the value of the USD, and our currency monopoly is threatened. The Euro was actually somewhat more valuable than USD for a while; that's why Iraq happened.

It's not about receiving oil, it's about denial-of-access to other traders so they're forced to go through an exchange for USD at some point, because there's no gold left and our money is entirely fake otherwise. Big difference. Think of it as the equivalent of killing off anyone who refuses to trade with us, rather than stomping in and plundering for the bare resources like most war narratives would have you think.