Pakistan at Heart of US Oil Crisis


	Pakistan at Heart of US Oil Crisis

abailart

11-5-2007 4:16 AM

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pakisatn, afghanistan, oil, us

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/e5fc24f9-4925-4815-8c65-705ceb1a46e2/E97AB06D-B0DD-487E-957F-9E1DFB1C9B77/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece" href="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece" style="font-size: 11px;">www.timesonline.co.uk</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece">General Musharraf has declared martial law in Pakistan. Chuck Prince is being pressed to resign as chief executive of Citigroup, the world’s largest bank, apparently because of losses on sub-prime mortgages. The oil price has risen to $96 a barrel; the gold price has risen above $800 an ounce. That is the world in a nutshell, an international crisis, a credit crisis, an energy crisis and a dollar crisis.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece">Pakistan remains an important, pivotal country. It is an essential bastion of the American position in the Middle East. Without Pakistan as an ally, it is hard to see how the US could maintain its position in Afghanistan.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece">it would be a disaster if the United States lost a position of influence with the Arab oil-producing countries. Trouble in Pakistan means trouble for the oil market.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.timesonline.co.uk/tol/comment/columnists/william_rees_mogg/article2806318.ece">same pressures that have threatened Musharraf’s position have undermined Chuck Prince’s position in Citigroup. We are not in a local Pakistan crisis, but in a global crisis that happens to include Pakistan.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/E97AB06D-B0DD-487E-957F-9E1DFB1C9B77/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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