The only thing that was more striking than America’s cynicism- from paranoid right and jaded left alike – toward’s the Arab Spring was this nation’s collective journalistic ignorance about the Middle East region.
Pundits compare revolutionary Iran, where a still-nationalized oil sector has Big Oil licking it’s profit-inflated lips, to Algeria and Yemen, where CIA intrigues installed reactionary governments to replace progressive one’s which opposed the Gulf War in 1991. They compare socialist Syria with US puppet monarchies in Bahrain and Jordan.
There are generally two types of Arab governments in the Middle East. The democratic one’s have been our enemies. The monarchs and dictators have been our friends. And the game has been all about oil.
(What follows is excerpted from Chapter 3: JP Morgan & the House of Saud: Big Oil & Their Bankers…)
With 261 billion barrels of crude oil lying…
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