My logic may be too simplistic here, but this news item got me thinking:
The Pentagon details plans to sell $4.6 billion in arms to friendly Arab countries.
Up to $2.9 billion in battle tanks will go to protect critical Saudi infrastructure, while $808 million worth of UH-60M Black Hawk helicopter gunships will be sold to the United Arab Emirates.
Black Hawks, valued at $252 million, will also go to Bahrain. The $2.9 billion Saudi deal includes up to $400 million in AH-64 Apache helicopters, and 58 older-generation U.S. M1A1 Abrams tanks that would be updated.
In addition, 315 Abrams tanks owned by the Saudis would be modernized with air-conditioning and infrared sights for commanders and gunners.
How are these Middle Eastern nations paying for this upgrade in military hardware? With U.S. dollars.
Where did they get those dollars? By selling oil to you and me at $70+ a barrel.
Who benefits? The oil companies, obviously, as evidenced by record profits, and the big players within the military-industrial complex who manufacture things like tanks, helicopters, missiles, bullets, and spare parts.
What is the net result, then, of high oil prices? A huge transfer of wealth from you and me to the very corporations whose equipment is being used in the fighting in the Middle East that is driving up oil prices in the first place.
It’s a very disturbing scenario: The most powerful corporations in the world, with the capability to buy and sell politicians by the gross, benefit far more from continued fighting than from “a sustainable peace”. Which leads me to believe that we won’t see lasting peace any time soon.