Of course, Israel thinks it can get away with [drilling for oil on the occupied Golan Heights]. It has violated international law with impunity since it prevented the Palestinian refugees’ return, annexed East Jerusalem, and extended Israeli law to the Golan Heights, among other transgressions. Moreover, although Israel’s settlement building in the territories is regularly condemned, international sanctions have yet to be imposed.
oil
The major energy-producing countries are still firmly under the control of the Western-backed dictatorships. So, actually, the progress made by the Arab Spring is limited, but it’s not insignificant. The Western-controlled dictatorial system is eroding. In fact, it’s been eroding for some time.
In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies.
There was a revealing interlude in mid-September 2007, when the former Federal Reserve Chair, Alan Greenspan, was quoted in The Washington Post of Sept.17, 2007, as saying that “the removal of Saddam Hussein had been ‘essential’ to secure world oil supplies….” Greenspan’s statement, that “the prime motive for the war in Iraq was oil,” apparently shocked the White House, leading an anonymous White House official to explain, “well, unfortunately, we can’t talk about oil.” The former Federal Reserve Chair was already on record as conceding that he was ‘saddened that it was “politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.
