A friend has published a new book and he tells me: I would like to invite you to read my new paper that tries to answer a question that has bothered me since September 11th, 2001. The question is “why?” Why did we respond to that attack with a war that was unnecessary and disastrously executed? Why are we on the verge of going back to war in that region? No explanation I have read makes any sense.
In my analysis, the war and its aftermath were driven by forces intent on manipulating the price of crude oil, the world’s most lucrative commodity. This is not a new idea, but I believe I have connected a few more dots than others.
Though the story is complicated, my paper is based on four simple, but seldom discussed facts:
• Oil is a commodity whose price goes up when there is a shortage or fear of a future shortage.
• Terror violence and instability in oil producing countries tends to raise the price of crude oil by taking oil production offline or creating fear that supplies will be disrupted in the future.
• The higher the price of crude oil, the more money the Saudi Royal Family, the Emir of Qatar and others earn from oil production.
• Saudi Arabia, Qatar and Kuwait, which benefit from terror-related oil price increases are the same entities who fund the terror groups that are sowing the shortage-causing mayhem.
Terrorism is part of the oil industry business model. Oil companies and Wall Street firms profit passively, but I suspect knowingly, from carnage that creates artificial oil shortages. The Bush and Obama White Houses seem to have played the role of enabler, helping their biggest donors earn huge profits regardless of the cost in American lives.
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