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from an article from mid 2003

for the past 2 years Iraq has been paid in Euros instead of US Dollars for the small amount of oil they’ve been allowed to export. If this trend were to catch on with say Iran and Venezuela, well then who knows what might happen next! The US Dollar is already in a world of hurt and possibly 20% overvalued still. If other oil producing nations shift to the Euro and out of the US Dollar then the US economy will suffer dramatically and most probably sink in to the 2nd Great Depression sooner rather than later.

However, if we go to war with Dr. Evil and fail to achieve the objective immediately – securing the oil fields, replacing the regime and kicking out the French and German Euro (which Britain is not a part of at this point) – then we are likely to see spiking oil prices to levels never seen before, a crisis in leadership, and an acceleration towards the 2nd Great Depression!

This leaves just one option in the minds eye of our management. Go to war and win very quickly. This outcome would potentially bring about a stay of execution for the US economy. We would suddenly see oil prices drop, euphoria over winning such an obviously “justifiable” war would boost the market temporarily, and we’d all feel relieved that this was behind us.

After the euphoria wore off, maybe after the next presidential election, we’d then begin to slowly creep towards the 2nd Great Depression!
from

the graph says it all...