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If you trade oil futures, chances are you are jumping up and down right
about now. “Crude oil futures jumped nearly $2 a barrel Friday
after a Saudi official reported an explosion at a major oil refinery in eastern
Saudi Arabia,” reports USA
Today. “The Web site of MSNBC, citing a foreign television report,
said that Saudi forces had killed suicide bombers who tried to attack the Abqaiq
refinery using at least two vehicles,” the Street
added. “The targeted facility handles around two-thirds of Saudi Arabia’s
oil output. Saudi Arabia is the world’s top oil exporter.”
Although it is too early to blame “al-Qaeda” for the attack, the
BBC nudged
the story in that direction. “The al-Qaeda network on the Arabian Peninsula
has long called for attacks on Saudi oil installations,” it reported.
Reuters and CNN International felt compelled to mention the phantom terrorist
organization as well. No doubt, by this time tomorrow, the corporate media will
take it as fact “al-Qaeda” and the dead Osama bin Laden are responsible
for the botched attack at the Abqaiq facility, described by Strategic
Forecasting as “among Saudi Arabia’s most critical energy facilities,
serving as a processing facility that sees some two-thirds of the country’s
10 million barrels per day (bpd) of daily output.”
Stratfor also reminds us “of a call from al Qaeda second-in-command Ayman
al-Zawahiri that the war against the Saudi government had failed and attacks
against oil infrastructure should commence…. If the explosion was in fact
linked to militants in the kingdom [and it will be in the next day or so], it
is an indication that although the militancy has been largely contained for
more than a year—since the Dec. 27, 2004, attempted attack against the
Saudi Interior Ministry Building in Riyadh, the militant infrastructure and
ideology has not been entirely destroyed. Further, the attack indicates that
the militants have shifted their target set from the government itself to the
government’s sources of funding and power” and of course a critical
source of oil to a world in need of repeated reminding how dangerous “al-Qaeda”
is now that the “war on terrorism” has gained new momentum in preparation
for an attack against Iran, Syria, elements in Lebanon (Hezbollah) and occupied
Palestine (the Israeli created Hamas).
It is no mistake this attack follows directly on the heels of the mosque
bombing in Samarra, Iraq, and the Prophet Mohammed cartoon provocation with
its emotional and sensational response by outraged Muslims around the world.
The idea here is to barrage Americans and Europeans with incessant and scary
imagery of crazy and violent Muslims and Arabs and, specifically with the botched
Abqaiq oil refinery bombing—keep in mind that we shouldn’t actually
expect “al-Qaeda” to bomb an installation so critical to the neoliberal
profiteering scheme—threatening the oil umbilical cord.
“The memory of the 1973 oil embargo made the oil markets oversensitive
to the ebb and flow of the Israeli-Palestinian issue, despite the fact that
the neither Israelis nor the Palestinians consume, produce or transit major
amounts of crude. Al Qaeda has now presented something much more concrete to
worry about,” Stratfor continues. “No significant oil asset has
found itself under militant attack since the Sept. 11 attacks; Abqaiq is one
of the world’s most critical pieces of energy infrastructure. Simply that
it was selected for targeting by al Qaeda should be reason enough—and
a sound reason at that—for some panic.”
In fact, the 1973 “oil embargo” was a scheme devised by
the Bilderberg Group—”a bunch of rich guys who happen to get together
once a year for a bit of harmless fun,” as Jack
Robertson sarcastically describes them, but in fact a cabal of elite
globalists involved in the Council on Foreign Relations, the Pilgrims Society,
and the Trilateral Commission. This astronomically profitable scheme was documented
by F. William Engdahl in 1992 (A
Century of War: Anglo-American Oil Politics and the New World Order).
“In 1973, the powerful men grouped around Bilderberg decided to launch
a colossal assault against industrial growth in the world, in order to tilt
the balance of power back to the advantage of Anglo-American financial interests.
In order to do this, they determined to use their most prized weapon—control
of the world’s oil flows. Bilderberg policy was to trigger a global oil
embargo in order to force a dramatic increase in world oil prices. Since 1945,
world oil trade had, by international custom, been priced in dollars. American
oil companies dominated the postwar market. A sharp sudden increase in the world
price of oil, therefore, meant an equally dramatic increase in world demand
for US dollars to pay for that necessary oil” (see Pepe
Escobar, Asia Times May 10, 2005).
In short, the “the ebb and flow of the Israeli-Palestinian issue”
has little to do with the price of oil—and if it did, the “issue”
could be easily solved by granting the Palestinians their own state, as initially
proposed, or at minimum allowing them full social and political rights as Israeli
citizens, something likely to happen when Hell freezes over.
In essence, the recent attack on the exposed Saudi oil infrastructure by “al-Qaeda
in Saudi Arabia” (a covert black op similar to “al-Qaeda in Iraq”
or for that matter “al-Qaeda”
in Toledo, Ohio) is an effort to convince us “our” oil is at
risk, as it will be at risk late next month when the Iranian oil bourse is introduced
as direct competition to New York’s NYMEX and London’s IPE (see
William Clark, The
Real Reasons Why Iran is the Next Target: The Emerging Euro-denominated International
Oil Marker).
“We can’t rule out the possibility that secret cells are working
on a massive strike on Ras Tanura or Abqaiq,” a Saudi oil industry consultant
told Reuters after a shooting “rampage” at a petrochemical complex
in Saudi Arabia in early 2004. “Hitting Abqaiq would be catastrophic.
It would bring the kingdom to its knees.” According to Reuters,
the “most apocalyptic version would be a full scale hit in the east of
the kingdom on Ras Tanura, the world’s biggest offshore oil loading facility,
or Abqaiq center which handles some five million bpd of oil pumped from the
giant Ghawar field.”
In addition to a possible neoliberal effort to more effectively control and
thus profit from oil, there is the antagonism of the Straussian neocons, who
hate everything Muslim. One need look no further than Laurent Murawiec, who
told the Straussian neocon infested Defense Policy Board at the Pentagon precisely
what they wanted to hear: Saudi Arabia is the “kernel of evil” and
“the strategic pivot” of the Middle East (see Gary Leupp, “On
Terrorism, Methodism, Saudi ‘Wahhabism’ and the Censored 9-11 Report”).
In a plan that probably warmed the cockles of neoliberal hearts far and wide,
Murawiec “declared Saudi Arabia an enemy of the United States and advocated
that the United States invade the country, seize its oil fields, and confiscate
its financial assets unless the Saudis stop supporting the anti-Western terror
network,” as Jack Shafer
of Slate characterized it. Of course, the Straussian neocons are not sincerely
concerned about this last part since the CIA created what is now called “al-Qaeda,”
with more than a bit of help from Pakistan and plenty of money from Saudi Arabia.
Moreover, according to Leupp, the neocon “Hudson Institute’s co-founder
Max Singer presented a paper to the Pentagon’s Office of Net Assessment,
in which (’thinking outside the box’ as Rumsfeld likes to say),
he urged the dismemberment of Saudi Arabia, in the spirit of the post-World
War I reconfiguration of what had been Ottoman Arab territory. The Eastern Province
of Saudi Arabia could, Singer argued, constitute a new Muslim Republic of East
Arabia, peopled primarily by Shiite Muslims unsympathetic to the dominant ‘Wahhabi’
(more properly, Muwahhidun) school of Islam in Saudi Arabia, leaving Mecca and
Medina in the hands of the ‘Wahhabis’ while placing the oil fields
[and the Abqaiq oil refinery], concentrated in the east, in the hands of western
oil companies.”
British MP, George Galloway, according to Sasha Lilley (“A
New Age of Empire”), in 2002 warned of “a plan for the division
of the Middle East is circulating in the corridors of power on both sides of
the Atlantic…. In a recent interview, Galloway asserted that ministers
and eminent figures in the British government are deliberating the partition
of the Middle East, harking back to the colonial map-making in the first quarter
of the 20th century that established the modern nation-states of the region.
An Anglo-American war against Iraq, he tells me, could be the opening salvo
in the break up of the region.”
In fact, a plan to “break up of the region,” including Saudi Arabia
has existed for decades, as documented by the late Israeli author Israel Shahak.
“The plan operates on two essential premises,” explains Khalil
Nakhleh, a member of the Palestinian Ministry of Education. “To survive,
Israel must 1) become an imperial regional power, and 2) must effect the division
of the whole area into small states by the dissolution of all existing Arab
states. Small here will depend on the ethnic or sectarian composition of each
state,” and, as well, the “composition” of natural resources
under the ground of states balkanized through engineered ethnic and sectarian
strife.
Of course, this plan may literally go up in smoke, if we are to believe Gerald
Posner. “Saudi Arabia, bracing for the possibility of an attack either
by an outside power or restive Shiite residents, implemented an intricate doomsday
plan in the 1980s giving officials the power to blow up their own oil wells,”
writes Rick Shenkman in a review
of Posner’s book (Secrets of the Kingdom: The Inside Story of the Secret
Saudi-U.S. Connection). “In the event of an attack, says Posner, the Saudis
would trigger a series of ‘dirty bomb’ explosions designed to destroy
use of the kingdom’s oil supplies for decades.”
Poser’s thesis may seem outlandish—until you consider in 1991,
Saddam Hussein’s retreating troops blew up and set ablaze many of Kuwait’s
oil fields and spilled more than 30 million barrels of oil, creating an immense
environmental catastrophe. It is perfect natural to assume this would happen
again on a far larger scale if the Straussian neocons and their pilfering neoliberal
partners in crime attempt to divide up and loot the oil-rich Middle East. It
should be noted, according to Iraqi
oil ministry sources, as of last July Iraq suffered “around $11.35
billion in damages to oil sector infrastructure and lost revenue since oil exports
resumed” after the invasion and occupation.
In short, an outraged and determined resistance is capable of inflicting
more damage on oil profits than “al-Qaeda in Saudi Arabia” or Iraq
or wherever.