Word: saudi
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What the demonstrators, who have the historical memory of a gnat, don't understand is that, on the contrary, oil is why America kept its distance from the region for so long. Ever since Franklin Roosevelt made alliance with Saudi Arabia, the U.S. chose to leave the Arab world to its own political and social devices so long as it remained a reasonably friendly petrol station. The arrangement lasted a very long time. Had Sept. 11 never happened, it would have lasted longer...
...modernizing ideas, which is why the Administration plans an 18-month occupation for a civil and political reconstruction unlike any since postwar Germany and Japan. If we succeed, the effect on the region would be enormous, encouraging democrats and modernizers--and threatening despots and troglodytes--in neighboring Iran, Saudi Arabia, Syria and beyond. To do this, however, America must give up patrolling from over the horizon. It must come ashore...
...sense of inevitability about war grows, the region's leaders have begun to abandon their fellow head of state. Normally cautious Saudi Arabia has been publicly brandishing a knife at Saddam, pushing an initiative that could provide him an escape--voluntary exile--but is aimed more at provoking his overthrow by promising potential coupmakers amnesty from war-crimes prosecution. "I can visualize elements of the regime turning away," Saudi Foreign Minister Prince Saud al-Faisal told TIME...
...plus side, Saudi Arabia, with 2.5 million bbl. a day in spare capacity, has promised to make up part of Iraq's shortfall. The U.S., Europe and the major industrialized countries of Asia also have access to substantial oil stocks to help them weather the likely drought. President Bush has given orders to top off America's 700 million--bbl. Strategic Petroleum Reserve--enough oil to meet U.S. needs for 36 days. That process is about 85% complete. The most probable scenario, according to a study by the Center for Strategic and International Studies, a research institute in Washington...
Iraq's proven oil reserves are conservatively estimated at 112 billion bbl. That's nearly five times larger than those of the U.S. and second only to Saudi Arabia's 262 billion. The Iraqi reserves could cover current U.S. imports for almost a century. Iraq has an additional 220 billion bbl. in probable deposits yet to be explored. All of that oil belongs to a regime that soon may not exist. So even though the U.S. confrontation with Saddam is about much more than oil, it's natural that Washington--and its allies and rivals as well as the people...