ollar impact is beyond any legal remedy. With so many corporations, institutions, and individuals thirsting after-and receiving-oil money, petrodollar influence is ubiquitous in American society. The result is the appearance of widespread, spontaneous support for the policies of Saudi Arabia and other Arab oil producers by American institutions ranging from universities to the Congress. The proliferation of vested ties has allowed special interests to be confused with national interests. Never before in American history has any foreign economic power been as successful as Saudi Arabia in reaching and cultivating powerful supporters all across the country. The Saudis have discovered that one quintessential American weakness, the love of money, and the petrodollar connection has become diffused throughout the United States.The growing reliance on imported oil has also made the U.S. economy even more vulnerable to price jumps, as occurred in 1979, 1981, 1982 and 1990. Oil price increases have also allowed Arab oil-producers to generate tremendous revenues at the expense of American consumers. These profits have subsidized large weapons purchases and nonconventional weapons programs such as Iraq's.America's dependence on Arab oil has occasionally raised the specter of a renewed attempt to blackmail the United States to abandon its support for Israel. PLO chairman Yasir Arafat suggested such a tactic, for example, in 1990: When the North Sea oil dries up in 1991, the United States will want to buy Arab petroleum. And when American oil fields themselves run dry and oil consumption in the United States increases, the American need for the Arabs will grow greater and greater.The good news for Americans is that the principal suppliers of U.S. oil today are more reliable and better allies than the Persian Gulf nations.http://www.jsource..com/US-Israel/usoil.html) ...
