closest allies, and a sworn opponent to the ambitions of the United States, we would be awarded every single contract to rebuild the oil installations, and we would become the sole marketing agents for all Saudi Arabian oil for the next hundred years. Anyone wishes to buy, they buy it from us. Which means we effectively control world oil prices.”
“And how long would it take us to rebuild the oil installations?”
“Maybe two years. Maybe less.”
“And what about that big Saudi Army and Air Force?”
The President shrugged. “What about them? They would have no alternative but to switch their allegiance to serve the new King. After all, they cannot serve a dead one, n’est-ce pas ? And no one else could possibly pay them, save for the new ruler. And even then things would be rather tight for a few months, until some oil began to flow, probably in the Gulf terminals.”
“You really think this could be achieved, sir?” said Savary. “Militarily, I mean?”
“I have no idea. But Prince Nasir does. And he says that if it is not achieved, Saudi Arabia is doomed.”
“What kind of a premise will he campaign on?” asked St. Martin.
“Well, he won’t really need to campaign, will he? Not if he simply seizes power. But he will immediately assure the populace that the massive financial stipends for the princes will end forthwith. Which will save his treasury maybe two hundred fifty billion a year.
“He will also advocate an immediate return to pure Muslim worship of the Wahhabi persuasion. You understand—strict rules of prayer, no alcohol, the strict word of the Koran, and the teachings of the Prophet. There will be no more cozying up to American politicians, and the country will return to its basic Bedouin roots, to the old ways of life. They will heed the call of the desert, and bring up their children according to the old traditions, as indeed Prince Nasir has brought up his own. And there will certainly be no more financing of terrorism. And no further need to pay vast sums of protection money to groups who might otherwise attack Saudi Arabia. I speak of course of hundreds of millions of dollars directed to al-Qaeda.
“Once Prince Nasir has severed his ties with the United States, there will be no further danger from the fundamentalist groups. And of course we may also expect a far greater Saudi support for the Palestinians.”
“But surely this will cause chaos on the world oil markets?” said St. Martin. “Absolute chaos.”
“I have no doubt it will. But this won’t affect us, because we will rid ourselves of our Saudi contracts long before anything happens. We will sign new two-year agreements with other Middle Eastern countries for all of our oil and gas requirements.”
“But what about the world oil shortages? This would just about bankrupt Japan and cripple even the mighty economy of the United States. Our European partners would also be hurt. Gasoline could go to a hundred fifty dollars a barrel.” St. Martin was just beginning to look particularly distraught.
“I agree,” said the President. “But if Prince Nasir is correct, all this will happen anyway, if the Saudi population takes to the streets in protest against the royal family. As for the oil prices going through the roof—well, can you imagine anything more appealing to the country that effectively controls world sales of Saudi oil?”
“But, sir,” said St. Martin. “The Saudi fields are the only stabilizer in all of the world’s markets. Remember how they saved everyone by producing millions of extra barrels in 1991, and then again after 9/11 when they pumped almost five million extra barrels to save the market? Petrol prices hardly went up by a single franc.
“Saudi Arabia is the world market. The savior of the world’s economy in times of crisis. It’s the only nation than can produce extra oil. What are its reserves—two to three million barrels a day, if necessary, at any one time? Can you imagine the
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