24/7 Wall St.
05-16-2008, 07:50 AM
24/7 Wall St. Daily News
The balance of trade between the US and its Arab allies has taken several odd twists since the price oil began to move up sharply last year. The US buys oil at $125 a barrel. It has recently sold Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates about $20 billion in new weapons. While some of this guns and ammo will be used to defend borders, a part of the planes, rifles, and explosives are quietly enlisted to keep militants from overthrowing the local kingdoms. It has been eighteen years since Iraq invaded Kuwait. The US spent... http://feeds.feedburner.com/~f/typepad/RyNm?i=Z2hdFH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Z2hdFH) http://feeds.feedburner.com/~f/typepad/RyNm?i=TIgSnH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TIgSnH) http://feeds.feedburner.com/~f/typepad/RyNm?i=1DSCMh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1DSCMh)
complete story here... (http://www.247wallst.com/2008/05/the-petroleum-p.html)
The balance of trade between the US and its Arab allies has taken several odd twists since the price oil began to move up sharply last year. The US buys oil at $125 a barrel. It has recently sold Saudi Arabia, Bahrain, Kuwait, Oman, Qatar and the United Arab Emirates about $20 billion in new weapons. While some of this guns and ammo will be used to defend borders, a part of the planes, rifles, and explosives are quietly enlisted to keep militants from overthrowing the local kingdoms. It has been eighteen years since Iraq invaded Kuwait. The US spent... http://feeds.feedburner.com/~f/typepad/RyNm?i=Z2hdFH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=Z2hdFH) http://feeds.feedburner.com/~f/typepad/RyNm?i=TIgSnH</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=TIgSnH) http://feeds.feedburner.com/~f/typepad/RyNm?i=1DSCMh</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=1DSCMh)
complete story here... (http://www.247wallst.com/2008/05/the-petroleum-p.html)