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Oil, The Life Blood of the World

Reader comment on item: Expert predicts more violence in Gaza

Submitted by Walter (Canada), Oct 1, 2005 at 16:31

I would like to agree and respectfully disagree with Kanad. The point of agreement is that there is one and only one solution to this Arab Israel problem. However, it isn't "National Unity Government", nor is that solution in the hands of man. Kanad is overlooking one important point and that is "oil". Most of the world depends on the Middle East for their oil and more importantly, Europe's economic viability is based on that oil. Even now, Iran is threatening to restrict oil exports unless they are allowed to proceed with nuclear technology. At some point, the oil producing Arab nations are going to bring the hammer down and those nations trading with Israel are going to lose their oil supply unless they capitulate. The Arab nations will be able to use this strategy because of the explosive growth of China and India. Since the 1930's, oil has played an important role in the politics of the Middle East and the world. Initially the Arab nations had to temper their demands on the West and Europe regarding trade with Israel because they depended on these areas for their oil exports, however with the exploding demand for oil by China and India, Europe and the West are no longer critical to the viability of the Arab economy. Should the Arab nations threaten to restrict or cease oil exports, Europe will have no choice but to take military action to guarantee continued access to oil. There could only be one consequence to that action and that is WW111. For as Europe moves to guarantee their oil supply they can only do so by limiting the availability of oil to China and India who will have to retaliate in order to sustain their economic growth.

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