Posted on 04/01/2002 6:15:34 PM PST by kattracks
— KUALA LUMPUR (Reuters) - Using Islamic oil as a weapon to force Western nations to force an Israeli West Bank withdrawal could be very effective but would need the backing of all the states concerned, Iran said on Tuesday.
Iranian Foreign Minister Kamal Kharrazi, asked if Iran would back Iraq's call to use oil as a weapon against the West to pressure Israel's hand, said, "I believe the Islamic (unclear) has enough instruments to use but it all depends on the collective decision of Islamic countries.
"If they decide to use oil as a weapon, it would be very effective," he told a news conference.
Israeli Prime Minister Ariel Sharon, facing a wave of Palestinian suicide bombings, has promised an "uncompromising war to uproot these savages" and crush what he calls a terror campaign directed by Palestinian leader Yasser Arafat.
Iraq called on Monday for Arab states to use oil as a weapon to punish countries supporting Israel and to stop the Jewish state's current military action against Palestinians.
Muslim countries from the Organization of Islamic Conference, whose representatives are in Malaysia to talk about terrorism, accused Israel on Monday of dragging the Middle East toward war.
Copyright 2002 Reuters News Service. All rights reserved.
Maybe the are just spoiled children who think that no matter what mess they make, mommie and daddy will be there to clean it up. The mid east is a point in case. Democrats and Clinton messed it up but good. Now liberals such as Lieberman and Biden are crying for Bush to fix it.
The Arab States need not 'embargo'...they just need to announce a 50% reduction.
So what you say...the price now at $26? They say..so what, we sell half our usual amount to you at say $52...who looses?
Not them...they get all but the same $$$ at the end. We get $3-4 gallon gasoline and an economy that hits near depression levels.
Oh yeah, it is said...Russia can supply us. Well Russia has the oil in the ground, but their production capacity is at 100% to date. They can't get it out of the ground fast enough to make up the slack, albeit they wish they could.
Bottom line...we are addicted to foreign oil, shit comes to shove, we HAVE TO opt to the oil, lest our gov't does a complete 'turnover'...
Oil is king...and the Bush family knows it well!
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