While it is true that oil and water are distinguishable, oil and politics are not. Thus oil is the key to Saudi Arabia's future, its wealth, and its status in the world. The development of the oil industry in the 1970s gave Saudi Arabia unprecedented international involvement. Its high production capacity coupled with its huge oil reserve gave Saudi Arabia an influential role in the Organization of Petroleum Exporting Countries. Its large surplus revenue enabled it to have an influence in world financial and petroleum markets. As a result of this influence, Saudi Arabia emerged as one of the most powerful and politically active countries in the Middle East; it has become a conflict resolver, financier, prime conciliator, and force of moderation.
The purpose of this study is to examine, through a descriptive and analytical approach, the Saudi perspective on its oil power and policies in world affairs and how the Arab-Israeli conflict affects these policies. A special emphasis on the United States-Saudi Arabian relationship is made, since Saudi Arabia looks at the United States as the key factor in the Arab-Israeli conflict
While it is true that oil and water are distinguishable, oil and politics are not. Thus oil is the key to Saudi Arabia's future, its wealth, and its status in the world. The development of the oil industry in the 1970s gave Saudi Arabia unprecedented international involvement. Its high production capacity coupled with its huge oil reserve gave Saudi Arabia an influential role in the Organization of Petroleum Exporting Countries. Its large surplus revenue enabled it to have an influence in world financial and petroleum markets. As a result of this influence, Saudi Arabia emerged as one of the most powerful and politically active countries in the Middle East; it has become a conflict resolver, financier, prime conciliator, and force of moderation.
The purpose of this study is to examine, through a descriptive and analytical approach, the Saudi perspective on its oil power and policies in world affairs and how the Arab-Israeli conflict affects these policies. A special emphasis on the United States-Saudi Arabian relationship is made, since Saudi Arabia looks at the United States as the key factor in the Arab-Israeli conflict
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