Bush is a pretty straightforward guy, so we might be gearing up to hit Iraq right now as the media is adamently predicting, however, let's be honest, GWB could be planning to hit the PA, Syria, Lebanon, Saudi Arabia itself, or my personal odds-on bet: Iran.
There has been an interesting line of public discussion in which the imminent attack on Arab states has been downplayed somewhat by Administration officials.
Of course, Iran is Persian, not Arabian, so we might very well be telling the whole truth about all of our current actions and future intentions.
And then POW! Tehran gets its comeuppance (and that new nuclear reactor never sees its first self-sustaining chain reaction)...
While Iran is definitely on the early target list, it's gotta be Iraq first. Saddam is far more dangerous right now than anyone in Iran will be for awhile, and GW Bush is eager to finish the job his father started. The encirclement of Iran is something I hadn't noticed, but its quite clear that its happening, all we need is the Iraqi piece of the puzzle. There are many more people in Iran (about 65.5 million) than in Iraq (about 25.5 million), so we can't handle the two countries in the same way, militarily. Besides, there are likely leftover elements of the old Shah's regime deep underground in Iran, who can be counted on to wrest power from the ayatollahs who deposed them a mere 23 years ago. Encirclement would help them get the military aid they need.
The Qataris are probably smart enough to realize that if they play their cards right, they'll get to administer the new Middle East after WW III. A quick look at the map shows their proximity to Iran, Iraq and Saudi sources of regime-threatening fundamentalism, you can see what they have to gain by making the US their partner. Besides, they've got things locked down tight there, that's why the world could have a WTO conference there. They don't have to put up with radicals visiting from everywhere, the way the Saudis do for pilgrimages, so they are freer to cozy up to the US.
I wouldn't worry about the multimillion dollar base in Saudi, we're going to get it back one way or another before this thing is over.