-Caveat Lector- : Arabic producers rumored to be punishing Gore : World Oil : International : September 2000 Vol. 221 No. 9 : As our staff puts together this magazine's issues over a : year's time, we receive quite a few unsolicited tidbits : of "intelligence." Many turn out to be too bizarre, but : there are the few that eventually bear fruit, prompting : us to publish something about them. : It is into the latter category that the latest tidbit : from Middle Eastern sources is falling. Basically, the : story is this: Arabic oil-producing nations are enraged : that U.S. Vice President / Democratic presidential : candidate Al Gore has selected Jewish Sen. Joseph : Lieberman (Democrat-Connecticut) to be his running mate : for vice president, and they vow to defeat his campaign. : How they plan to combat Gore's bid is what got our : attention. : Sen. Joseph Lieberman (AP Photo / Fox News Sunday) : Venezuelan President Hugo Ch�vez (Reuters photo) : The "plot" supposedly would have Saudi Arabia and its : Arabian Gulf allies not only fail to add oil production : to the world market (to keep a lid on prices) but : actually back output down from its current level. These : cuts would not be announced, but their effects certainly : would be felt within the global market. Additionally, the : recent tour of Middle Eastern producers by Venezuelan : President Hugo Ch�vez plays right into the scheme. If : U.S. or European leaders complain about oil prices rising : rather than falling, then OPEC members can always voice : the excuse that Ch�vez was extremely persuasive in : convincing them to steadfastly adhere to their former : output quotas. These Gulf producers supposedly believe : that their actions will boost average world price to : $34/bbl. They reason that this will be sufficient to : enrage American consumers, who would then blame President : Bill Clinton and Gore for a failed energy policy and, : thus, cast their votes in the November election for the : Republican candidates, Texas Gov. George W. Bush and Dick : Cheney. As a result, Lieberman would fail to ascend to : the vice presidency - mission accomplished. : To the casual American observer, this may sound wildly : convoluted, but there is sufficient evidence to consider. : For example, we asked our contributing editor for the : Middle East, Dr. A. F. Alhajji, about such a scheme, and : he said that he, too, had heard such rumors - and from : generally reliable sources. Additionally, the rhetoric : coming out of a majority of Arabic media is white-hot : with anger and displeasure over Gore's selection of : Lieberman. For example, the Al-Thawra newspaper out of : Damascus, Syria, called the choice of Lieberman "an : inappropriate option that will reconsider the U.S. role : in the peace process." It said that Lieberman "has not : come to (the presidential campaign) as an American but : rather as a Zionist in a U.S. cloak, and for a defined : aim, which is to achieve the Israeli policy targets." : Then there is the commentary from Al-Ittihad, the : official Abu Dhabi newspaper, which charged that : Lieberman did not wait long to show his true colors. : "Joseph Lieberman wasted no time, to call for moving the : U.S. embassy in Israel from Tel Aviv to Jerusalem, : immediately after his nomination was announced. : Lieberman, who is the first Jew to run for vice president : in the U.S., was quick to reassure the Zionist lobby that : he will work to achieve all their targets if elected." : However, Al-Ittihad went on to say that whether Gore and : Lieberman win or Bush and Cheney prevail, the outcome : would be the same. "This simply means that loyalty to : Israel by the next U.S. president is (a certainty). If : Lieberman becomes the vice president, it is fine with : Israel, and if not, it is not that bad (for Israel). What : matters here is that the (U.S.) president should be pro- : Zionism, even if he is not a Jew." : Based on his daily reading of Arabic newspapers, as well : as phone conversations with colleagues in the region, Dr. : Alhajji said that Arabic opinions on the Gore / Lieberman : ticket fall into three categories. The first, most- : numerous group is against Lieberman, not just on grounds : of ethnicity but because of the senator's public stands : on key Middle Eastern issues. A second, much-smaller : group believes that Lieberman's selection is a good : thing, because if he assumes office, he will have to work : hard to show that he can be fair and evenhanded. The : third group, a very small minority, believes that the : Democratic ticket is simply a matter of U.S. domestic : policy and not any other country's business. : To those folks who believe the Arabic OPEC producers : cannot make such a plan to punish Gore work, this editor : would simply remind them that nobody believed in March : 1999 that the member-countries could adhere to the output : reduction pact reached that month, either. Indeed, as : this column was being written (mid-August), world oil : price was again bouncing around the politically sensitive : $30/bbl mark after a short-lived decline in July and : early August. : Another Iranian gas find. In an announcement that came : too late to be included in our August issue, Iranian : state firm NIOC said that it had discovered a new, : onshore gas field near the Persian Gulf coast. NIOC's : director of exploration, Mohammad Mohaddes, said Homa : field is in a mountainous region in the south of Fars : province. He estimated reserves at 6.7 Tcf of sweet gas : and 82 million bbl of condensate, and said that about 70% : of each are recoverable. Homa field has potential : production capacity of 500 MMcfgd and is situated near : Tabnak, Iran's largest onshore, sweet gas field. Mohaddes : said Homa would be developed in tandem with Tabnak. : Source - : http://www.worldoil.com/Magazine/MAGAZINE_DETAIL. : asp?ART_ID=1282&MONTH_YEAR=Sep-00 : News Plus : http://www.mantra.com/newsplus : Om Shanti : Not for commercial use. Solely to be fairly used for the educational : purposes of research and open discussion. The contents of this post : may not have been authored by, and do not necessarily represent the : opinion of the poster. 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