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Wednesday, June 04, 2003

More on the House of Saud
FrontPage magazine.com carries a detailed article by Robert Baer, who served with the CIA for 21 years, primarily as a field officer in the Middle East.

"Signs of impending disaster are everywhere, but the House of Saud has chosen to pray that the moment of reckoning will not come soon--and the United States has chosen to look away. So nothing changes: the royal family continues to exhaust the Saudi treasury, buying more and more arms and funneling more and more 'charity' money to the jihadists, all in a desperate and self-destructive effort to protect itself.

Not all the wishing in the world will change the basic reality of the situation.

* Saudi Arabia controls the largest share of the world's oil and serves as the market regulator for the global petroleum industry.

* No country consumes more oil, and is more dependent on Saudi oil, than the United States.

* The United States and the rest of the industrialized world are therefore absolutely dependent on Saudi Arabia's oil reserves, and will be for decades to come.

* If the Saudi oil spigot is shut off, by terrorism or by political revolution, the effect on the global economy, and particularly on the economy of the United States, will be devastating.

* Saudi oil is controlled by an increasingly bankrupt, criminal, dysfunctional, and out-of-touch royal family that is hated by the people it rules and by the nations that surround its kingdom."