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June 28, 2005

Where Do Our Oil Dollars Go?

Topics: Middle East News and Perspectives

With summer coming on and Iran causing waves in the oil market with it's new mullah-appointed president, some of us might want to know that our oil dollars are going to good use. It would be nice to know that the vast sums of money that pour into the coffers of Middle Eastern, Latin American and African leaders, Shieks, and Sultans go toward helping their people have a better life. After all, one of the problems we face in the War on Terror is the poor economic status of the inhabitants in most of the Islamic countries.

While it may be true that the people of Islamic countries have few economic opportunities, the problem isn't due to a lack of their country's financial resources. So let's take a look at how, let's say - the Sultan of Brunei, spends his share of your money in behalf of his people. Brunei is slightly smaller than the state of Delaware, and has a population of 372,361(est. 2005 via CIA FActbook).

Here is the poor boy's humble little airplane(This is his but he actually bought his daughter her own Airbus when she turned 18):

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You can check out his stable of automobiles HERE (he purportedly owns about 3,000 vehicles).

Brunei is one of the stains the oil business makes wherever it goes-in the Arabian Gulf, Nigeria, Venezuela, Colombia, Ecuador, Burma, the Caspian Sea and, arguably, Britain as well. The grotesque extravagance and greed it engenders, and the political methods used to control its production, invariably provoke widespread chaos. In this ugly pantomime the Sultan and his brother have taken prominent roles as the world's most spendthrift individuals.

Posted by Hyscience at June 28, 2005 12:34 PM



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