[Demidog]

Our government, as Peikoff suggests, would be justified in reclaiming that property.

Even if your description of libertarian principle were completely true, this statement would be completely false unless you are admitting to U.S. nationalization of the oil companies and believe this is "libertarian."

Because in your scenario, the only individuals having a real claim on that oil are the corporations. The oil companies. End of story. And nobody in the U.S. has a "right" to oil. The only people harmed by the actions of the Arabs were the oil companies. Because Piekoff doesn't like the fact that his gasoline costs a buck and a half a gallon, he thinks that war is the remedy.

[annalex]

I have a difficulty parsing your #94, but this is what I think on the subject of oil companies. The oil company is a group of individual owners acting in concert. They had property -- the oil rigs and the rights to the oil therein -- that they put in Arabia with the Arab government's consent. When the Arab governments nationalized their oil industry, they took possession of these properties by force. Now, our government would be justified in taking the original oil rights back to the oil company owners; the only problem is passage of time that we allowed to elapse after the nationalization.