Aside from whether the oil is actually being paid for is how the oil is paid for and the economic and security relationships between the US and the oil-rich countries. The Arabian desert contains two-thirds of the world's cheaply recoverable oil reserves and since their discovery has been the greatest strategic prize in history. Dominance in the region guarantees the dominant country huge economic benefits and in the case of the US is the key to its greater-than-others economic growth over the last half century. By militarily dominating the region and suborning and co-opting the leaders of the oil-rich countries the US is able to make itself the world's economic superpower. Take the US bases out of the region and allow oil to trade in every currency and oil profits from the Arabs to be invested anywhere and the US economy would quickly founder.
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