The US already effectively controls the Saudi oil reserves. That was what Gulf War I was all about. In 1973 King Faisal dared to impose an export embargo against the US. Those days are long gone. Barkley Rosser ----- Original Message ----- From: "Willy Greenfields" <filthydirtyunwashed at yahoo.com> To: <lbo-talk at lbo-talk.org> Sent: Thursday, June 05, 2003 2:36 PM Subject: Re: [lbo-talk] Guardian Retracts Wolfowitz Oil Story
>
> > The sense was clearly that the US had no
> > economic options by means of which to achieve its
> > objectives
>
>
> Which didn't stop Bush-Clinton-Bush from applying
> sanctions of mass destruction for over a dozen years.
> Does this retraction help the Bushites' cause any?
>
> I think it's best to view the Iraqi oil with full
> cognizance of these people's plans for the eastern
> Saudi oil fields - i.e., use Iraqi oil to undercut the
> Saudis as swing producers, then setting about lopping
> the oil reserves from the kingdom.
>
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