Oiling The Relationship
In the short term, they probably can. The latest crisis is less daunting than it looks. Despite the explosive allegations from Capitol Hill, the White House remains committed to Riyadh. In fact, there’s little choice. Some U.S. strategists had hoped that post-Saddam Iraq would replace the fractious Saudis as guarantor of the world’s oil supply. Forget it. If Iraq’s security situation gets any worse, its oil production could remain below 2 million barrels a day....