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Saudi Oil Power over America - A House of Cards

(Jerusalem Post) Max Singer - Saudi policy toward the U.S. is based on their perception of our fear of their oil power. That is why the Saudis have felt safe enough to allow more than $50 billion of Saudi oil money to be exported to stir up hatred of the U.S. in the past 20 years. The Saudis' power over the U.S. is a house of cards that can be blown away by fresh thinking based on a realistic understanding of the current oil business. When the American political community realizes that the world economy is not in Saudi hands as much as the Saudi economy is in the hands of Western oil buyers, Washington can stop being afraid of the Saudis. Then the Saudi government will understand that it must respond to the U.S. very differently from the way it has in the past.
2003-08-22 00:00:00
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