Oil

[kalian]

http://www.sundayherald.com/42321

FOR the second time inside a month, armed Islamic militants have attacked oil workers inside Saudi Arabia. The attack yesterday in the eastern oil city of Khobar, which struck three housing compounds and the offices of oil companies, left at least 16 dead and the militants holding up to 50 hostages.
The deaths add to those killed at the Saudi port city of Yanbu on May 2, when four oil engineers and one contractor, all from West ern countries, were killed in a gun attack.

At Yanbu, a body was dragged through the streets before Saudi security forces killed three of the gunmen. A McDonald’s restaurant was fired upon, a pipe bomb thrown at one of the city’s international schools, and gunfire exchanges took place outside a Holiday Inn. The media reports that followed said the deaths of the men– two from Britain, two from the US and one Australian – had been carried out by a group in Saudi linked to al-Qaeda. Yesterday an Islamic website carried a statement said to be from al-Qaeda, which claimed it had carried out the latest attack.

For one oil analyst at Seymour Pierce in London, the Saudi attack in Yanbu and the fact that Saudi nationals were involved “triggered’’ the rise in oil prices that is threatening a return to the oil crisis of the 1970s, global economic chaos and George W Bush’s chances of entering the White House for a second term. The latest attack in Khobar will hardly help.

...more...
Very interesting article...and ya gotta love the short and to the
point title of the article... :D

[StClone]

1. Oil attacks

Are aimed at disrupting oil and increase petroleum prices and hurt U.S.

[bemildred]

2. That is true.

But I tend to think it is also about bringing down the
House of Saud. I do not think it is an accident that the
level of violence in Saudi Arabia is racheting up now that
Uncle Sugar is firmly embedded in the Iraq tar baby.

[fedsron2us]

3. Agreed. They want to seize the centre of the Islamic world.

Attacking the oil industry is just a part of the strategy for toppling the House of Saud, seizing the Muslim holy sites and restoring the Caliphate. The fact that this stategy also screws the stupid, lazy, mendacious bastards who control the capitalist economies of the western world is just an added bonus.

[bemildred]

4. I think you have it Sir.

:thumbsup: