Wall Street Journal editorial --
But oil traders are already beginning to discount for the risks if the demand for more political freedom also spreads to the Kingdom [Saudi Arabia], which produces 10% of the world's oil. Karen Elliott House's recent piece on these pages explained in persuasive detail why that is not a far-fetched scenario. We hope the Obama Administration is making contingency military plans to protect those oil fields if it comes to that.
It's rarely set out so clearly. If the Saudi people mount a struggle for more political freedom, the US should invade and seize the oil fields.
But oil traders are already beginning to discount for the risks if the demand for more political freedom also spreads to the Kingdom [Saudi Arabia], which produces 10% of the world's oil. Karen Elliott House's recent piece on these pages explained in persuasive detail why that is not a far-fetched scenario. We hope the Obama Administration is making contingency military plans to protect those oil fields if it comes to that.
It's rarely set out so clearly. If the Saudi people mount a struggle for more political freedom, the US should invade and seize the oil fields.
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