Wednesday, September 19, 2018

Wars in Mideast are because of US desire to control oil market

In a bid to mend fences with Ibn Saud by enabling the company to compete in the thirsty European market and to extend his influence into Jordan, Syria, and Lebanon, which gained their independence soon after the end of the war, the U.S. government proposed building a Trans-Arabian Pipeline from the Saudi oilfields to the Mediterranean coast. Although Tapline, as the pipeline was known, would ultimately be financed by Aramco itself, the project had always been strategically attractive in Washington. By making Saudi oil cheaper than American oil in Europe, the pipe would ensure that the Saudis would now fuel Europe’s postwar recovery, while the United States conserved its domestic stocks of oil in case there was another war.