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Alternative Notes on the Gaza Siege
Just follow the money…
“The Middle East accounts for 31 percent of global oil production, 18 percent of natural gas production, 48 percent of the world’s proven oil reserves, and 40 percent of the world’s proven natural gas reserves.” (City Journal)
There is one rule in government operations, domestically and globally: follow the money. That is the lesson brought to you by Watergate, the scandal of all scandals in America. That was 1974.
One year before Watergate, Israel went to war. It was called the Yom Kippur War, and the Egyptians were all in, along with many other Arab states fighting the good fight. Western nations, dependent upon the oil of the Arab world, freaked out. Some countries stopped people from driving every day. Japan cut back big time. The oil market had a stroke.
The price, according to Economic historian Helen Thompson jumped overnight from $3.00 to $5.12. President Richard Nixon advised Israel that $2.2 billion in military aid was coming ASAP. Does it sound familiar? The Arab states then cut America off totally from their supplies, according to Thompson and eventually priced oil at over $11. Henry Kissinger and President Nixon discussed attacking the Arab world and seizing control of the oil fields.
