US helps Saudis, gets $128/bbl. oil in return

News item:

President George W. Bush and [Saudi] King Abdullah formalized new cooperation on Friday between the kingdom and the United States on a range of topics, including the development of civilian nuclear energy in Saudi Arabia and US protection of Saudi oil fields.

The agreements came as Saudi Arabian leaders made clear that they saw no reason to increase oil production until their customers demanded it, apparently rebuffing a request made by the president directly to the king in an effort to stay the soaring US gasoline prices. — Jerusalem Post

I wish I had been a fly on the wall to hear the discussion, but Mr. Bush must have said something like this:

“We’ll help you develop nuclear technology (theoretically only for non-military use), and we’ll use our military forces — already fighting the Iranians for your interests in Iraq — to protect your oil fields. In return, you’ll keep the price of oil high in order to crush our economy. At the same time, you’ll use your windfall profits to finance the most radical forms of Islamic fundamentalism around the world, including in the USA.”

“In the Israeli-Palestinian arena, we’ll continue to support the Fatah terrorists so that they can form a unity government with the Hamas terrorists, splitting the latter from Iran. We’ll force the Israelis to give up land for a new Sunni state on their doorstep. We’re equipping and training its army right now.”

“Maybe we’ll get Israel to fight Hezbollah in Lebanon for you. That will weaken both Israel and Iran.”

What a great deal!

Update — Saudi Arabia has agreed to increase oil production by about 3.3% — a token increase which did not prevent oil from reaching a new high of $128/bbl. today.

Who's in charge here?

Who’s in charge here?

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One Response to “US helps Saudis, gets $128/bbl. oil in return”

  1. Shalom Freedman says:

    It is not Bush’s fault alone. It goes back to Roosevelt and Ibn Saud. But the major failure is from 1973 on when OPEC imposed its oil embargo. The failure to heed the warning, to develop alternative sources of energy is a failure of every President from Nixon on. The U.S. dependence on Saudi Energy as everyone knows has led it to overlook the criminal support of Terror by Saudi Arabia.
    It is impossible to understand how these shameful relations are not under constant scrutiny and criticism by the U.S. media and political system.