Rulers’ Mideast Schemes: Oil and War
In serving the U.S. ruling class, two factors guide Barack Obama’s policies in the greater Middle East: controlling oil profits, and preparing for a future inter-imperialist war. This explains what Obama did in Libya — and what he hasn’t done in Egypt.
Unlike Libya, Egypt doesn’t have much oil. But it does have the Suez Canal, a vital waterway for the world’s main cheap oil reserves. The bulk of Saudi, Kuwaiti, Iraqi and other Europe- and North America-bound oil exports travel through the canal. Most of it goes under the U.S. and allied British brands of Exxon Mobil, Chevron, BP and Shell. In addition, U.S. Navy warships depend mightily on the canal. The Pentagon’s World War III planning counts on it. If the canal were to be shut by anti-Western insurgents, oil exports would need to detour thousands of miles around the southern Horn of Africa to reach their destinations.
And it’s pertinent to note that Egypt’s armed forces keep the Suez Canal open.