In These New Times

A new paradigm for a post-imperial world

Saudi Arabia gets a friend in need – Russia

Posted by seumasach on October 24, 2018

M.K.Bhadrakumar

Indian Punchline

22nd October, 2018

It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There was even a top-secret US government plan to ravage the Middle East oil industry in the event of the former Soviet Union gaining control of it. The CIA called it the “denial policy”. It was hatched in 1948 during the Berlin Blockade – whereby, oil wells would be plugged, equipment and fuel stockpiles destroyed, refineries and pipelines disabled to ensure that the USSR never got hold of the Middle East’s oil resources.

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