"... The prospect of a shift in Saudi Arabia’s allegiance ought to alarm even the Obama administration. Saudi Arabia is not only one of America’s main oil suppliers; it’s also the country Washington relies on to keep world oil markets stable — both by restraining fellow OPEC members from radical production cuts and by upping its own production to compensate for temporary shortfalls elsewhere.Granted, Riyadh is motivated partly by self-interest: unlike some of its OPEC colleagues, it understands that keeping oil prices too high for too long would do more to spur alternative-energy development than any amount of global-warming hysteria. And since its economy depends on oil exports, encouraging alternative energy is the last thing it wants to do.Nevertheless, the fact remains that Saudi Arabia has been generally effective as stabilizer-in-chief of world oil markets and has no plausible replacement in this role. And since the U.S. economy remains highly oil-dependent, a Saudi shift into Iran’s camp would effectively put America’s economy at the mercy of the mullahs in Tehran..."
"'America is something that can be easily moved. Moved to the right direction.They won’t get in our way'" Benjamin Netanyahu
Saturday, May 1, 2010
Odd perspective: "Arab states will join the Iranian camp"
In the super pro-Israel magazine, Commentary/ here
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