When Will Arab Oil Translate into Political Power?
Arab oil producers are awash in wealth. They have never been so rich. But the paradox is that, in spite of their great and growing wealth, their political weight in the world remains small, even derisory. They have not — or at least not yet — converted their wealth into political influence on a global scale. This is particularly striking in the Arabs own Middle East region. Why, one wonders, have the Arabs not been able to resolve the grave crises in Iraq and Lebanon, which are tearing their region apart? Why have they allowed the United States to neglect Arab interests in the festering Arab-Israeli conflict, and tilt so decisively in Israels favour? Why have the Arabs not intervened to defuse the dangerous confrontation between the West and Iran, which if it were to escalate into a military clash would be utterly disastrous for the Gulf? Why do the Arabs seem to focus all their attention and all their energies on business — on getting rich and richer still — while leaving their po
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