Since the time in 1945 on his return from the fateful Yalta Conference, that US President Roosevelt met Saudi King Ibn Saud and won exclusive rights for US Rockefeller-group oil companies to Saudi Arabia’s vast oil wealth, the relationship between Saudi and US foreign policy has been one of almost satrapy status for the Saudis.[1] Following the Kissinger-orchestrated 1973 “oil shock” in which OPEC raised its price by some 400%, Washington extracted a pledge from the Saudis that they would insure that OPEC sold its oil only in dollars, thereby ensuring the continued dominance of the US dollar as world reserve currency. In return, Washington agreed to sell US arms including training the Saudi Air Force
Posted on: Thu, 18 Jul 2013 10:17:52 +0000
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