Oil: A Little Throat Cutting

Oil and politics, always a volatile mixture, are boiling again in the Arab world. Western oilmen in the Middle East are understandably nervous about Washington's impending decision on Israel's request for 25 Phantom and 100 Skyhawk jets. If the sale, joes through as expected, it is,certain to spark Arab outrage. What worries the oilmen is that Arab mobs or guerrillas, whom not even the local governments can control, might vent their anger against vulnerable U.S.-owned drilling rigs, pipelines and refineries.

Arab rulers realize that mindless destruction would hurt them more than the...

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