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Buried in my long analysis of global oil economics, which no one may read (why do I bother?), including Phil, who now bails out of our discussions on oil economics and the invasion of Iraq posing other Jupiter sized questions instead, is the following news which I think is very important and might not be emphasized in the media.<BR>
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>From my post today 8/27/05 subject headed <B>"Petroleum Intelligence Weekly: Pemex Below Exxon & Chevron, etc.:"</B> <BR>
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The Saudi's have invested 750 billion in the US economy, a significant amount of this wealth no doubt generated from sales to the USA, enough to give pause to anyone pondering the impact of disturbing the US/Saudi partnership. Consider that this relationship is under increasing strain recently, and the fact that 15 of the 19 9/11 terrorists are believed to have been Saudi nationals is part of the problem, with a major lawsuit pending against Saudi interests.<BR>
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Read the important story on this subject at this link below:<BR>
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<A HREF="http://news.bbc.co.uk/1/hi/business/2206522.stm">http://news.bbc.co.uk/1/hi/business/2206522.stm</A> <BR>
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"Saudis have reacted with anger to a lawsuit for damages filed last week by families of 11 September victims against Saudi banks and charities."<BR>
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Vision2020 Post by Ted Moffett<BR>
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