Word: saudi
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...consumers, the second part of this one-two punch is exaggerated oil prices. While the world is swimming in crude oil, it already trades at an inflated price of $30 a bbl., a level essentially dictated by Saudi Arabia with the approval of the U.S. government. This translates into swollen prices for gasoline, home heating oil and other petroleum products. What's worse is that because of Congress's three decades of fumbled energy legislation, Americans have become more vulnerable than ever to an interruption in foreign supply that would truly send prices into orbit and cripple the U.S. economy...
...INDICATORS Piping In New Money Oil giants Royal Dutch/Shell and Total agreed to a joint venture with Saudi Aramco to exploit natural-gas reserves in Saudi Arabia, the first such exploration involving outside firms in about 25 years...
Investigation fever is building on Capitol Hill. Richard Shelby, former top Republican on the Senate Intelligence Committee, who complained that federal agencies like the CIA and countries like Saudi Arabia hampered the congressional probe into the Sept. 11 attacks, has a new angle. Term limits forced the Alabama Republican off the intelligence panel this year, but as new chairman of the Senate Banking Committee, he is setting up hearings aimed at terrorist funding. A Shelby aide says the hearings will have "the Executive Branch telling the committee what they've done with the Patriot Act," the post...
...book, Saudi Arabia: The Ceaseless Quest for Security, was published in 1985 by Harvard University Press...
...officials are hoping for an intelligence windfall if al-Ghamdi talks. He had trained at Bin Laden's al-Farouq camp and fought with the al-Qaeda leader at Tora Bora. Escaping the U.S. bombardment, he returned to his native Saudi Arabia and reported to Khalid Sheikh Mohammed, plotting "second wave" attacks on Americans and their allies until Mohammed's arrest in Pakistan last March. As more and more al-Qaeda field leaders were rounded up, al-Ghamdi rose in the ranks, safely hiding in Saudi Arabia until the May 12 attacks galvanized the kingdom's rulers into cracking down...