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The Riyadh summit is a political, not an oil summit… Print E-mail
OPEC Leaders Meet in Saudi Arabia"The Riyadh summit is a political, not an oil summit… Heavy responsibility falls specifically on Iran far more than on Venezuela, not only because of the volume of Iranian oil, but because of the quarters it occupies in respect to the rest of the Gulf oil countries. It neighbors Iraq, Saudi Arabia, and five other Gulf countries. Venezuela could perhaps raise the price of oil by fiddling with its quota of production or by its threatening statements, but it is not as dangerous as Iran, which threatens 18 million barrels of oil produced within short range of its missiles. Hence we believe that Iran will not be permitted to control the destiny of the region, whatever defense or political justifications it offers [for its nuclear weapons]. And this [Iranian threat] will be translated later, whether within a year or a decade, into another major war."

Abd al-Rahman al-Rashed, the director general of Saudi al-Arabiya
TV which operates from the United Arab Emirates.
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