[khelus]

They did it to keep oil pegged to the American dollar - it’s what’s holding up our entire currency.

Yup ... the petro dollar instituted under Nixon and Kissinger.

In short the Saudis agreed to hold up the economy and enable expanding government by creating a false demand for dollars in exchange for the us agreeing to provide security for the Saudis.

[21twelve]

I’m not smart enough to understand all of the dollar-oil stuff. All I know is that America runs on oil. And for almost all of that time we have been running on Middle East controlled oil.

Now, if we were allowed to drill and exploit our own natural resources....

But, perhaps it isn’t such a bad thing to be using Middle East oil now. After they run out we will still have plenty left.

Although we run the risk of oil being at $1 a gallon as everything will be either solar or nuclear by then. /s