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From: alle@ihuxb.UUCP (Allen England)
Newsgroups: net.politics
Subject: Re: A International subject - (nf)
Message-ID: <707@ihuxb.UUCP>
Date: Wed, 30-May-84 09:30:19 EDT
Article-I.D.: ihuxb.707
Posted: Wed May 30 09:30:19 1984
Date-Received: Fri, 1-Jun-84 08:43:05 EDT
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Organization: AT&T Bell Labs, Naperville, IL
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+
 > I really don't see the Persian Gulf situation as something that the US needs
 > to get into.  We don't get very much of that oil (5-10%) and could get by
 > without it.  On the other hand, Western Europe and Japan are rather heavily
 > dependent on it.  Let them intervene, if they want.  (It should be
 > interesting when Iraq starts shooting Exocets at French ships!)

If you think that when the oil stops flowing out of the Gulf, we won't
be affected, you aren't showing much of an understanding of the way oil
prices work.  Oil prices WORLDWIDE will go up if the oil flow out of the
Persian Gulf is stopped.  Think back to the Arab Oil embargo during the
70's.  Only this time, instead of gas lines, you will see very high
prices (how about $3 a gallon??!!).

We (the USA) have a vested interest here folks and we had better face
up to it.  Soon.

I would agree, however, that Japan and Europe have more at stake than
we and I think they should be pushing hard for a solution.

--> Allen <--
ihnp4!ihuxb!alle