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Politics : War -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (7426)	10/20/2001 10:08:26 PM
From: Hawkmoon	Read Replies (1) \| Respond to of 23908

Yeah... Bush is coming back early from China to meet with Peres..., but I believe it's for Peres to personally deliver the news that Israel is going into the West Bank to root out these extremist groups. The best Bush will likely be able to do is urge the Israelis to continue to promote their willingness to work towards a Palestinian state, but with a different Palestinian leadership doing the negotiating and no terrorists launching suicide bombings. It was only a matter of time before the Israelis reached the point of no further tolerance with the violence from the Palestinians and their various extremist groups. What will be interesting is to see how the Saudis react... Will they try to wield their ineffective oil weapon against the west, risking the potential of Western intervention in the Gulf to secure oil supplies (with what would they stop us?) Or has Bush's new alliance with the Russians created an opportunity for these new supplies to come online? (new supplies of oil have come pumping in the Caspian, including the Tenghiz field). What I predict coming out of this is that the Saudi and other extremist oil states will find the oil weapon can no longer be used, which should dwindle their ability to rachet up prices. They simply have no pricing power in this market, especially since the global oil demand has actually decreased with the recession. Hawk