There are many facts and valid points here.
It is a better explanation than any I have read.
It is also apparent to me that Olebush deliberately provoked Saddam into invading Kuwait.
The Kuwaitis were threatening to move their vast fortune in US banls into British and European banks.
They also were talking seriously of (gasp!) accepting payment for their oil in Euros, not dollars.
The Kuwaitis were provoking the Iraqis by using horizontal drilling to suck oil out from under the disputed border with Iraq. Iraq had no access to the technology, because the Americans were the only ones that had the equipment and knowhow to do this, so it could not suck oil out from under the border to reciprocate.
The US sent a female ambassador to Iraq. This would have been logical in the case of Netherlands or Finland, but to Saddam it was a sign of weakness. When Iraq complained to the US about this underground theft of oil, Glespie was directed to say, :"The US does not take a position on border dispites between Middle Eastern nations." Saddam took this to mean, "You are free to take whatever punitive and military means you wish, and we will do nothing." The ambassador, April Glespie, retired and *poof!* vanished and not a word has been heard from her since.
As a result, the Kuwaiti Emir had to spend most of his fortune to reconquer his country. He has not mentioned selling oil in Euros since then.
As he no longer fusses about how the US is forcing him to keep his money in US banks.