 The
media was all over the story that broke last Friday about
Saudi Arabia arresting 172 Islamic militants, likely from Al
Qaeda, who were apparently planning suicide attacks on a
variety of targets, including Saudi oil facilities and
refineries, possibly by crashing airplanes into them. In
addition to the extremists, authorities also found $5.3
million dollars in cash and a stock of weapons buried in the
desert.
Unfortunately,
just because the media covers a story doesn't mean they're
covering it right. This story isn't just about Saudi Arabia
dealing with extremists...it's about Al Qaeda continuing to
pursue their long term goal of bringing down the U.S.
economy.
The Real Story is
that Osama bin Laden himself has been calling for attacks on
Saudi oil as a means to cripple us for years now and his
followers are listening. About six months ago, Saudi Arabia
arrested 139 Al Qaeda members, including suicide bombers,
inside their country, and then, just a year ago, guards at
the world's largest oil processing plant in Saudi Arabia
opened fire on two vehicles filled with explosives that were
trying to enter the complex.
Even though the media refuses to tie all of these things
together, they are not isolated incidents. Al Qaeda knows
that the best way to collapse our economy is to disrupt the
global supply of oil and they also know that Saudi Arabia is
the key to that.
For the last couple of years, U.S. officials have war gamed
different oil attack scenarios. In 2005, top officials like
current defense secretary Robert Gates and former CIA
director James Woolsey sat in a Washington D.C. ballroom and
tried to figure out how the U.S. would respond to a
disruption in oil supply from, among other things, an Al
Qaeda attack on key Saudi Arabian facilities.
Unfortunately, no matter what these officials did, they
couldn't figure out a way to keep gas prices under $5.32 a
gallon. Now, I know that may not sound like a huge deal,
maybe you'd sacrifice by car-pooling to work or skipping
your Summer vacation -- but think about what happens to the
overall economy when those same sacrifices are made by
hundreds of millions of people simultaneously.
How much does an airline ticket cost? What about taxi and
bus fares? How much does food cost, considering that gas
prices for delivery trucks and farming equipment just
doubled? How does the postal service keep delivering
letters 2,000 miles for 39 cents? How long can our military
keep fighting for?
It's one big domino effect and the first domino is oil.
Once that falls, the public stops spending, the stock market
nose-dives, and pretty soon people are wondering why a
gallon of milk costs $14.
If you think this is all a pipedream, or that they'd need
some massive nuclear attack to make it happen, consider
this: two months ago a rumor surfaced on the trading floors
that Iran had fired a missile at a U.S. warship in the
Persian Gulf. Oil prices jumped 7 percent, over $5 a
barrel.....in 7 minutes. Now think about what would've
happened if that wasn't just a rumor. |
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