Tuesday, June 20, 2006

Follow The (Oil) Money

All Victor Davis Hanson is doing is stating the obvious, but are there leaders bold enough to take whatever actions are necessary?
Take away the $300-500 billion in windfall profits piled up in the coffers of the oil-exporting nations recently, and Hugo Chavez becomes just another spluttering Castro, hardly able to pay for his bankrupt populism in Venezuela, much less export it beyond his borders. Without petroleum largesse, Iran's Mohammed Ahmadinejad could afford neither a multi-billion-dollar nuclear weapons program nor costly subsidies for terrorist groups like Hezbollah and Hamas. Vladimir Putin's crackdown on capitalists, political freedom, and further Russian reforms comes only because he controls energy exports vital to the world economy.
Because of its dependency on Middle East gas and oil, Europe's high talk about human rights doesn't apply much to Arab extremists with energy-rich patrons in the Gulf. America is in a war against Islamic fascism, yet treads carefully around Saudi Arabia, despite the kingdomÍs subsidies to America-hating madrasahs. When poor oil-importing countries in Africa and Latin America make sacrifices to enact tough market reforms, their hard work only helps to enrich failed states like Iran, Libya, and Venezuela lucky enough to have an accidental resource beneath their feet that was found, exploited, and mostly purchased by the Westerners they demonize.