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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: 49thMIMOMander who wrote (3046)	10/6/2001 8:48:17 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 281500

Just tell me, in a simple comparison what a price of $10 and $25 means for oil producing economies There are 22 million people in Saudi Arabia and they have a GDP of over $200 Billion USD (price parity), 80 Billion of which is derived from oil exports. cia.gov And considering that there were various times when they racked up the price to $30-40/barrel in 1970 and 1982 dollars, I don't feel much pity for them. And they only contribute some $200 million to the Palestinians, while the US pledged $3 Billion over 5 years back in 1998. And Saudi external debt is $26 Billion... However, I've heard figures of $200 Billion for total national debt, so thus, most of it is owed domestically. I don't know about you, but if I had a $80-100 Billion source of revenue every year that only cost me $8-16 Billion to produce, I think I'd be able to do a better job of creating an economic foundation for my people that would not be so heavily dependent upon oil. Instead, because Saudi Arabia is a monarchy that has been authorized, justified, and propped up by the religious Wahabbi sect, as well as petro-dollars, AND BEING THE MOST GLARING EXAMPLE OF AN ISLAMIC SOCIETY, I have to state that I don't see much that's more advanced about their system than what has been developed in the west. They're like someone who invites an oil company onto to their farm to drill for oil, and then discover they aren't happy with the mineral lease they signed, they decide to take over the operation for themselves and get all the profits... And even then, they still aren't happy... So they mortage themselves to the hilt based upon an expectation of this continued wealth, and then blame everyone else when they can no longer make their payments. I don't get how they have the right to call us arrogant, when they need us to defend them and the wealth we created for them from all the threats surrounding them.. Hawk