IT IS THE OIL LOBBY THAT IS RULING THE USA TODAY………

We mustn't forget that the Bush family's business interests and that of their friends lie in Oil. The Saudis are concerned because they fully depend on oil revenues and have nothing else to fall back on. If they destroy the economies of the buyer countries through high price of oil, soon there won’t be many buyers left to buy the oil and oil prices will crash.

Secondly, the dangerously high prices of oil will force every country to look for their own oil or gas and alternative energy resources which will again lessen dependence on Saudi oil. It will also permanently change the way the world uses oil based energy to something else which is drastically different and renewable in which Saudi Arabia will have no role to play.

As everyone knows, the oil bubble is bound to burst sooner than later, only the exact timing is not known. It is stupid and devious to blame India and China for the price rise due to their high consumption of late because this so-called demand has been factored in with the moving world production of oil. Russia today exports more oil than even Saudi which was always the highest exporter of oil. Another fall out of this for the West is that the Russians will once again challenge its hegemony with a well fortified oil bolstered economy. But the Bush lobby’s business interests far outstrip the USA’s benefit. Why is the present American oil lobby saying nothing of the turmoil they have deliberately created in Iraq which was one of the highest exporters of high grade oil and in defiance of the OPEC countries? By invading Iraq the Bush administration has only helped the various monarchies of the Gulf countries. Why are those in power in the West not putting an end to speculation in major commodities specially oil by banning futures trading? Are they not making a quick buck against the falling dollar or are they losing out with the oil price rise?