Posted by mumin5 on Wednesday, June 20, 2007
besm Allah = in the name of 1TRUE GOD
all the false MORAL reasons should be FOR EVER removed from any logical person:
Middle East trade had more than doubled its share of total U.S. trade between 1960 and 1980, almost tripled its share of Japanese trade, and increased by 50% its share of European Community (EC) trade. By 1980, Middle East oil provided 20% of U.S. supplies, 70% of EC supplies and over 75% of Japanese supplies. The region has the largest concentration of oil and natural gas reserves in the world. The countries of Saudi Arabia, Kuwait, Iraq, Iran, and Abu Dhabi each contain greater oil reserves than those found in the United States. In fact, Saudi Arabia alone has reserves six times greater than the U.S. possesses. Middle East oil is not only plentiful, but cheap as well. The cost of producing a barrel of oil in the Gulf has been estimated at $2, compared to between $15 and $18 in Alaska.
U.S. economic gains are further enhanced by the exceedingly high rate of return on investments in the oil industry. While Middle East oil accounts for less than 2% of U.S. investments, its share of total U.S. foreign earnings is about 33%. Moreover, U.S. and British financial institutions claim the lion's share of Middle East oil surplus, which they recycle as loans to impoverished Third World nations. Throughout the post-World War II period a lucrative arms trade has claimed a sizable portion of the Middle East market, by far the largest arms-importing region in the world, with the highest military expenditure on a percapita basis and in terms of the Gross National Product. Seven of the largest ten arms importers during the past decade were Middle Eastern countries, and the West, particularly the United States, is their largest supplier. Annual percapita military expenditure in the Gulf region ranges between $1,060 for Oman to $2,400 for Saudi Arabia. The military expenditure as a percentage of GDP for 1991 ranges between 16.4% for Oman, to 12.5% for Qatar, and 14% for Saudi Arabia.(9)
The post-World War 11 period has witnessed increases in arms sales to the region at astronomical levels: from $2.36 billion for the entire fifteen-year period between 1955-1969 to $3.2 billion per year between 1970 and 1975 to $8.9 billion per year between 1975 and 1979. The Middle East accounted for $40 billion of the world military spending of $500 billion in 1980, with Saudi Arabia leading at the level of $20.7 billion. In 1992, Saudi Arabia spent $17.88 billion, while tiny Bahrein spent $1.48 billion and Kuwait expended $2.49 billion.(10) Most of these purchases were made in the United States.
Given these interests, the oil companies, major financial institutions and the defense industry, together with the political and social forces which supported them, projected their power into the policy-making arena and shaped the perimeters of U.S. interventionist policies in the Middle East. During the 1950s the defense of these economic interests was predicated on a network of alliances pulling together conservative pro-Western regimes in the area and on the readiness of the U.S. to intervene directly.