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

To: Ichy Smith who wrote (199504)	8/26/2006 1:59:19 PM
From: Elroy	Read Replies (1) \| Respond to of 281500

Well first of all if the US is no longer intimately involved in ME domestic and inter-country affairs, the rational for (perhaps) putting an embargo on the US would go away, right? Second, if the ME just sold all their oil to countries other than the US, trust me, some country would buy 110% of its needs and sell the 10% extra balance to the US at a 1% markup or something like that. That's the nature of commodities. Look at diamonds when the US was not dealing with South Africa in the 1980's. There was no shortage of diamond supply in the US; rather, the South Africans sold diamonds to the Belgians (for example) and then the Belgian sold them to the good old USA. It would be the same with oil.