October 24, 2008 (vol. 119, iss. 37) • Page Image 4
…4A - Friday, October 24, 2008 The Michigan Daily - michigandaily.com l e Iicl30ig n wily Edited and managed by students at the University of Michigan since 1890. 420 Maynard St. Ann Arbor, MI…
… can solve its snake problems to focus on its ultimate goal: eliminating Israel's dependence on Arab oil. On Oct. 22, crude oilprices dropped below $65 per barrel. Though OPEC is now scrambling for a…
…, according to Kass, "Mideast oil began to dominate the world strategic landscape." Today, the vast majority of Arab- world GDP stems from oil exports. Though each Arab country spends its oil revenues…
… differently, only one spending strategy truly benefits Arab citizens: domestic reinvestment of oil revenuesintohuman capitalandinfra- structure. The United Arab Emirates employs this strategy widely, especial…
…- ly in Dubai, yet most other Arab states are content to hoard oil revenues for the wealthiest ruling class - or to invest them in terrorist organizations, nuclear projects or weapons imports. Enter…
… Iran. Though Iran is not an Arab state, it plays an important role as a major power in the Mideast oil hegemony. Its influence reaches everystate inthe region, and -its oil revenues sponsor…
… coun- try, you still do. You just need to learn to use it. Seth Buchsbaum is anS LSA sophomore. He is a representative on the Michigan Student Assembly's Voice Your Vote commission. 0 RADHIKA UPADHYAYA…

