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To: Victor Lazlo who wrote (110916)10/22/2000 10:22:42 PM
From: GST  Respond to of 164684
 
Victor: All good points. But lets also be reasonable, there are forces at play here that would like nothing better than to disrupt our economy, and a reduction of shipments would have an impact almost as great as an embargo. Just ask the Europeans. I am not saying you should prepare to freeze in the dark. But I am saying you should not discount the impact of poltical instabtility in the ME.



To: Victor Lazlo who wrote (110916)10/22/2000 11:12:50 PM
From: Eric Wells  Read Replies (4) | Respond to of 164684
 
5. Saudi Arabia probably cares less about Israeli-Palestinean tension than getting the $$ from its oil exports, which it very much needs.

Victor - I think the dollars form oil exports will come regardless. From all accounts I've read, the Saudis are very much involved in support for the Palestinians - check this out:

theaustralian.com.au

"It also approved a proposal by Saudi Crown Prince Abdullah bin Abdul Aziz to send funds totalling $US1 billion ($1.89 billion) to help fund the Palestinian uprising."

"While Prince Abdullah had on Saturday made an unusually hardline speech attacking his country's longtime ally, the US, and urging Arab states to cut all ties with Israel, the league defied calls from demonstrators across the Middle East demanding a holy war against Israel."

-Eric