Word: kuwait
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Sanctions on Iraq have been in place ever since the Iraqi invasion of Kuwait in 1990. But long after the American-led coalition expelled Iraqi troops from Kuwait, and long after U.N. inspections oversaw the dismantling of Hussein's nuclear arsenal, the sanctions are still in place. To U.S. policy makers, they are clearly warranted. Hussein is a ruthless dictator who will jump at the first opportunity to rebuild his arsenal. Something must be done to keep him in check. If the sanctions are hurting the Iraqi people, they say, this is only due to Hussein's own belligerence. They...
...point where the question becomes: Are we saving the Saudi royal family at the expense of the U.S. economy? That's prompting calls for some arm-twisting on OPEC - after all, as their effective protector and godfather, the U.S. has considerable leverage over countries like Saudi Arabia and Kuwait...
...negligible. But a sharp drop may hurt Vice President Gore's campaign, which is centered on claiming credit for the good times of the '90s - particularly if it's attributed in part to the actions of oil-producing countries. The U.S., after all, sent troops to protect Kuwait and Saudi Arabia from Saddam Hussein in 1991, and their collusion with the likes of Iran and Libya to raise the oil price won't play well with Main Street America. Says Baumohl, "The Bush camp may even take the opportunity to chastise Gore for failing to be more aggressive with America...
...After a year of relative inactivity on the matter, Energy Secretary Bill Richardson has set an ambitious agenda for the coming weeks in which he'll meet with top officials in such oil-producing states as Mexico, Norway, Kuwait and Saudi Arabia. "This is an increasingly visible problem, and it's important to remember that we're in an election year," says TIME correspondent Andrew Zagorin. While economists don't predict that the high oil prices alone could drive inflation in the U.S., it could certainly have an impact on consumer behavior - and thus potentially slow down the high-revving...
...20th century was the American century, the 1990s--bracketed by demonstrations of overwhelming American power in Kuwait and Kosovo--were the supreme American decade. How supreme? No other nation has exercised such military, economic, diplomatic and cultural reach since Rome. And Rome's world was little more than the Mediterranean...