More News

Funding Both Sides of the War
July 27th, 2011
Tom Friedman has often—and correctly—observed that Americais undermining its own fight against terrorism through its dependence on oil. In case you haven’t heard the argument, here’s how it goes. Americaimports about 1,100,000 barrels of oil and petroleum from Saudi Arabia every day. With crude oil’s current price of about $100 per barrel, there’s a lot of money flowing out of America’s pockets to the Saudis. And what does Saudi Arabia do with all of this wealth? Well, we know what it does with a part of it. As Friedman has pointed out: …private Saudi donors today still constitute the most...
Continue Reading
Follow @FinTrCo