Friday, February 24, 2006

al-Quida admits to attack on Saudi Refinery

It looks like its the usual suspects again. This looks like the second shot in a long term war against Saudi oil infrastructure. This was the first shot:

In May 2004, attackers stormed the offices of a Houston-based oil company in the western Saudi oil hub of Yanbu in fighting that killed six Westerners, a Saudi and the militants. Several weeks later, al-Qaida-linked gunmen stormed oil company compounds in Khobar, on the eastern coast, and took hostages in a siege that killed 22 people, 19 of them foreigners.

This would be an interesting turn of events. Al-Quida really can't get at US as easily as they could before 9/11. They killed some people in the Britain attacks but it looks like the Brits are clamping down their security too.

If they drive up the price for oil then they could cause an economic destabilization of the West. $100 oil will *really* put a dent into spending and some economists have said it will toss us into a recession. Perhaps this destabilization could hurt King Fahds government so badly they could try for some kind of coup de tat and take over Saudi Arabia? Maybe that is too James Bond villian a plan though. Probably al-Quida just bought a mess of oil futures and want to artificially drive up their price.

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