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Today's Wall Street Journal has an interesting article on the Saudis.

Internally, their is a split in the ruling class. There are some militants in there that intensely dislike the U.S., and have refused to cooperate with the "war on terrorism". Specifically, they have refused to grant the U.S. the ability to use an airbase that was built afte the war with Iraq. And they have refused to cooperate with the FBI/CIA investigation of Al Qaeda/Bin laden connections there.

Let us not lose sight that the Taliban gov't was being supported by the Saudi's, which broke diplomatic relations with that government, under duress, after intense pressure from the U.S. .... many days after the massacre in the Twin towers.

The article pointed out that some in the ruling class support an extreme kind of Islam that is inimical to U.S. interest.

What is interesting about the article is that it eliminates the facade that the Saudis are our allies. In fact, they are not.

Which raises an interesting set of issues, among which is what is going to happen to the oil supplies if the Saudi's get pissed at the conduct of the war agains a "brother" Arab.

Therefore, I offer as the first leading indicator of potential Saudi mischief, any attempt by them to support/coordinate a further cut in oil supplies by OPEC to sustain prices. If they do, and are succesful, I would recommend you hang on to your xom stock, dearly, because it will go up, and up and up.

And by the way, I hope this will teach us a lesson that we should have opened ANWR reserve, years ago to oil exploration. We should be looking for as much domestic oil as we can, and not succumb to the environmentalist propaganda that has so dominated our energy policy or lack thereof (until Bush and Cheney appeared on the scene)and debunked their propaganda by a well thoughout plan.
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