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Politics : Al Gore vs George Bush: the moderate's perspective -- Ignore unavailable to you. Want to Upgrade?

To: long-gone who wrote (2331)	10/13/2000 8:15:52 AM
From: Dayuhan	Read Replies (1) \| Respond to of 10042

Which is what they (the Saudis) will do, as they have done for the last 20 years. Keep up the rhetoric, and keep the oil flowing. Talk never hurt anyone. Of course Saudi statements will effect oil prices. I didn't say that they wouldn't. I don't see any conflict. I said that I don't think the Saudis will attack Israel or shut off the flow of oil to the US. They may indulge in some inflammatory rhetoric, but that won't hurt the Israelis, and it won't really hurt us either. We may have to pay more for oil for a while, but it's not going to be that big a deal. Does oil price impact our nation or not? A really drastic and sustained price rise, the kind that might be caused by a major war in the oil producing areas of the middle east, a revolution in Saudi Arabia, etc. - in other words, by a real disruption, not just talk - could hurt us. The normal fluctuations caused by the normal cycle of recurring but transient mideast crises are not going to have enough real impact to bother trying to do something about them, not that there's much we can do in any event. We'll do whatever diplomacy can accomplish and ride it out, as we've done before. As far as our own oil goes, whether in Alaska or offshore, the best place for it IMO is in the ground. The longer we wait to pump it the better our environmental protection technologies will be, and the more we will need it.