Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Crimson Ghost who wrote (59677)	2/3/2000 4:46:00 PM
From: upanddown	Read Replies (1) of 95453

George, you have frequently talked about the ME oil producers being puppet-states of the US as if it were a given fact. Got any evidence of this other than your opinions? I have to heartily disagree. Where is our leverage with them? They don't have to worry about military security. If Saddam talks one step over his borders, we squash him like a bug. We know it, Saddam knows it, the Saudis and the Kuwaitis know it. Where is their leverage with us? OIL...10MMBD....$250M a day. Within a couple of years, we will probably have to import 75% of our needs. Where are we gonna get it? They don't have to suck up to us. They are holding all the aces. JMO. John

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