Oh what crap. Maybe you haven't seen this headline, that oil may go down to $10 a barrel. OPEC needs us more than we need them and with more Russian oil coming on line every day, OPEC has lost one of it's weapons.
Two points:
1. Bush just ordered the purchase of another 10 million barrels for the Strategic Petroleum Reserve.
2. Russia has lots of oil for sale. OPEC is pissed because Russia is driving down the cost of oil and won't cut production. And Russia's President was just visiting...where?
Where is this legendary coalition? Not one Arab soldier is fighting on our side. not one Arab country has come out in support of us. Not one Arab country is spending a dime in this war. Someone please explain to me who is in this coalition and what they are doing for us?
The main reason the Soviet Union invaded Afhganistan was to run a pipeline from the Caspian Sea to the Gulf. They failed. Now with the help of his new buddy Bush, Putin will be able to build his pipeline, help the Russian economy and help the US reduce the depenence on Middle East oil. That is why these two leaders are getting along so well!
It won't matter if the Middle East cuts oil production the deficit will be made up by non-OPEC Countries, OPEC recently tried to cut production and drive up prices but they failed because the slack in production was picked up by non-OPEC countries.