During the buildup to the war, and a few times recently, I’ve read people who claim that Iraq always wanted to sell the U.S. oil. And so it did. (Indeed, Iraq was selling the U.S. oil through the long sanction years, through intermediaries.) So fears about Iraq and its control over oil were always misguided, this line of argument goes, because it was in Saddam Hussein’s interests to sell that oil. And this leads to the suggestion: Stop worrying, get out of the region, and just buy the damn oil which they want to sell. After all, what else are they gonna do with it?
Well, yes and no. Yes, for the most part. But I think U.S. foreign policymakers have long feared a situation in which OPEC, or some other group of oil exporters, would be able to damage the American economy by halting oil exports for a period of time. If OPEC countries had a bit of cash in the bank, and were willing to gamble that the action wouldn’t provoke military action by the U.S., then it would be a very effective way of punishing the U.S. If this sounds familiar, then congratulations: you remember (or remember reading about) the oil crisis in the 70s.
A sudden spike in oil prices can act as a real shock to an economy. The permanent threat of such an action can therefore act as a permanent bargaining advantage, and that might have all kinds of influence on the U.S.’s ability to disregard opinion in the Middle East. So it’s not quite so simple as pointing out that they’ve got oil and we want it.
It’s funny how little the OPEC oil crisis is mentioned today. I think it actually looms over everything that has happened since, and that the motivations of U.S. policymakers are impossible to understand without it.
Anyway, you may not like this, but that’s the concern you have to address, and it can’t be addressed simply by complaining that they all just want to get along.
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