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Michael Youssef Offers Insight into the Muslim Perspective on Oil and the World Economy
Date:6/13/2010

As recent events in the Gulf of Mexico dominate the nation's headlines, we once again are reminded of how the world economy continues to be driven by oil

Atlanta, GA (PRWEB) June 11, 2010 -- As recent events in the Gulf of Mexico dominate the nation's headlines, we once again are reminded of how the world economy continues to be driven by oil. The West is dependent upon oil for its manufacturing (heavy crude) and for its transportation (lighter crude and refined oils, including gasoline). The United States is the world's largest importer of foreign oil. As much as some American economists might like to deny it, the U.S. has become dependent on a system that, to a great degree, can bring the world's strongest economy to its knees.

As long ago as the mid-70s, the United States imported nearly 50% of its oil needs. Just a decade before, America was importing only 12% of its daily requirements. And the consumption only continues today. According to NationalJournal.com, the U.S. imported 66% of its oil in 2008. The West can flood OPEC nations with geologists, petroleum engineers, economists and diplomats, but until these "experts" come to grips with Islamic ideology, it will be impossible for them to have a full understanding of the Middle East oil picture.

There are two basic Islamic beliefs that are closely related to the issues associated with money and oil. The first is that Muslims regard economic success as a sign of God's pleasure. Prior to the rise in oil consumption, and increased drilling in Islamic nations, the Muslims tended to measure Allah's blessing by whether a war was won or lost. From the very beginning, Muslims have held to a belief that Allah "reveals" the weaknesses of other faiths. Therefore a victory in war was regarded as a revelation of deficiencies on the part of the nation or people defeated. And since most of these conquered nati
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Michael Youssef Offers Insight into the Muslim Perspective on Oil and the World Economy 
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