Re: POLITICS: Re: grim prospects - US support of Israel vs. an Arabic coalition against Iraq/Iran and US dependence on Saudi Oil

From: Amara Graps (amara@amara.com)
Date: Sun Apr 07 2002 - 07:52:03 MDT


Dan:
>BTW, as a general fact or factoid, I've read that the US only gets about
>10% or 15% of its oil from the Middle East. This is hardly a big
>dependency.

Yet, the Arab Emirates peg their crude oil prices to the dollar.

http://www.uae.gov.ae/mofi/English/economy.htm
"Exchange Rate: The U.A.E Dirham , although officially pegged to the SDR,
has effectively been fixed to the U.S Dollar [...]"

Amara

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Amara Graps, PhD          email: amara@amara.com
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