----- Original Message ---- From: Doug Henwood <dhenwood at panix.com>
How does the U.S. "control" Middle Eastern oil? As I've said here a million times, if it wanted to shut off supplies to, say, China, it'd be much easier to blockade China than try to exercise "control" of the Persian Gulf. There's no button in Baghdad or Riyadh that can shut off the flow to China. And trying to shut down ME oil would throw the world economy into a tailspin.
Doug ___________________________________ http://mailman.lbo-talk.org/mailman/listinfo/lbo-talk