There are two world markets at work here....the world market for oil, which can only be affected by substantial changes in overall supply and demand, and the interlocking economies of most of the world, which are dependent on trade and the efficiencies it brings to function at their current levels. If the U.S. isolates itself on oil, it also causes shock waves in the trade markets generally. Japan is totally dependent on those oil supplies, and Europe is to a large extent as well. So simply stating, we won't buy it here, will not accomplish the goal. Using less of it or producing more of it, here and elsewhere, will accomplish that objective much better without harming the other economies which we depend upon for trade.
" Allah may have put the oil under your feet, but it is the consuming countries that make it valuable .How would you like it if we found a way to make it less valuable?"
Allah put two things under their feet.....oil and sand. For most of history, the oil was not valuable, and someday in the (near?) future will not be valuable any longer. The sand never was valuable to begin with. When the oil becomes worthless, all they will be left to do is pound the sand.
I guess we should be helping them plan for that eventuality. Otherwise, of course, it will be our fault when it happens, and they will blow up more of our buildings to express their frustrations. |
