The U.S. no longer has control of the Saudi Monarchy, they are trading oil in Euros rather then dollars.......

Question

It was in 1972 when Richard Nixon made an agreement with King Fahd, we would protect them at all cost as long as 33% of the Saudi oil was traded in U.S. dollars. With the formerly powerful Soviet Union plundered and the death of King Fahd, the Saudi Kingdom feels as thou it no longer need's the United States military power for protection, and will handle it's economic affairs without U.S. influence.

Saddam disregarded the (U.N.) - United States clause -, no open oil contracts with the Russian Government or Corporations (other nations) in 2001, and he was attacked.


Will Saudi Arabi be the next U.S. war?

Answer 1

Dominance of Middle Eastern oil will mean in effect maintaining dollar hegemony over the world oil economy. Given its present strategies, the US is constrained to demand no less. As I explain in this extract from my book, Drugs, Oil, and War (pp. 41-42, 53-54), the present value of the US dollar, unjustified on purely economic grounds, is maintained by political arrangements, one of the chief of which is to ensure that all OPEC oil purchases will continue to be denominated in US dollars. (This commitment of OPEC to dollar oil sales was secured in the 1970s by a secret agreement between the US and Saudi Arabia, before the two countries began to drift apart over Israel and other issues.)As noted in a recent article by W. Clark, "The Real But Unspoken Reasons for the Iraq War", the OPEC underpinning for the US dollar has shown signs of erosion in recent years. Iraq was one of the first OPEC countries, in 2000, to convert its reserves from dollars to euros. At the time a commentator for Radio Free Europe/Radio Liberty predicted that Saddam's political act "will cost Iraq millions in lost revenue." In fact Iraq has profited handsomely from the 17 percent gain in the value of the euro against the dollar in that time.Dick and George didn't want more oil from Iraq, they wanted less. I know some of you, no matter what I write, insist that our President and his Veep are on the hunt for more crude so you can cheaply fill your family Hummer; that somehow, these two oil-patch babies are concerned that the price of gas in the USA is bumping up to $3 a gallon.

Not so, gentle souls. Three bucks a gallon in the States (and a quid a litre in Britain) means colossal profits for Big Oil, and that makes Dick's ticker go pitty-pat with joy. The top oily-gopolists, the five largest oil companies, pulled in $113 billion in profit in 2005 -- compared to a piddly $34 billion in 2002 before Operation Iraqi Liberation. In other words, it's been a good war for Big Oil.

As per Plan Bush, Bahr Al-Ulum became Iraq's occupation oil minister; the conquered nation "enhanced its relationship with OPEC;" and the price of oil, from Clinton peace-time to Bush war-time, shot up 317%.

Answer 2

I have a solution.....Take over the oil fields in Saudi Arabia, assassinate their leadership, and find Bin Laden in a nice Villa by Jeddah and put a .45 between his eyes.

Answer 3

The US never had control of the saudi monarchy. They have control of us through OPEC and manipulation of the price of oil.

Cut production enough, oil price goes too high, instant recession.