Think again.
From the Terror Finance blog:
"Their Oil is Thicker Than our Blood"-Rachel Ehrenfeld
Excerpt:
["The December 12, 2011 Iran’s Intelligence Minister Haydar Moslehi met with Saudi Arabia’s crown prince Nayef in Riyadh. Two days later, at the OPEC meeting in Vienna, the Iranians reveled that the Saudis agreed not “to replace Iranian crude if Iran faces any sanctions."
Accommodating their supposedly biggest enemy - the radical Shiite regime in Iran - while betraying their self-proclaimed ally - the United States, is a long held Saudi strategy. Support of radical Islamic regimes and groups helped keep the House of Saud in command.
“Saudi Arabia remains a critical financial support base for Al-Qaeda, the Taliban, LeT (Lashkar-e-Taiba) , and other terrorist groups, including Hamas,” read a cable dated December 30, 2009, from United States Secretary of State Hillary Clinton, This was one of the cables published by Wikileaks in late November 2010.[1]
Another leaked cable, sent from the US Embassy in Riyadh in February 2010, stated that the Saudi interior ministry “remains almost completely dependent on the CIA to provide analytic support and direction for its counterterrorism operations.”[2]
The leaked cables only stated the obvious. Yet the obvious starkly contrasts with the more optimistic story on Saudi counterterrorism efforts, as publicly told by successive American administrations.
Overview: Saudi Arabia— as an Ally in the War on Terrorist Financing
For decades US officials publicly heaped praise on Saudi counterterrorism efforts, while the Saudis continued to fund terrorism.
In a 2003 interview, then-Secretary of State, Colin Powell, said that the American government had expressed its appreciation to the Saudi government for its actions in support of the global war on terrorism.[3] In 2005, during her confirmation hearing to the position of Secretary of State, Condoleezza Rice commented that the United States previously “didn’t understand, really, the structure of terrorist financing very well.
We didn’t understand the role of non-governmental organizations that sounded like they were for good purposes but were, in fact, carrying out or funding terrorist activities. Others didn’t understand that, in the Muslim world, like the Saudis. And we have made, I think, great strides in doing that.”[4]
In 2007 US President George Bush certified the Saudi cooperation “with efforts to combat international terrorism.”[5] The Obama Administration followed suit. In July 2009, on a visit to Saudi Arabia, Secretary of the Treasury Timothy Geithner lauded the Saudi government for having “taken important steps to combat financing for terrorist groups” and “to deter and disrupt those who support violent extremism.”[6]
However, some dared to disagree. In September 2007, US Under Secretary of the Treasury for Terrorism and Financial Intelligence Stuart Levey told ABC News, “If I could somehow snap my fingers and cut off the funding from one country, it would be Saudi Arabia.”[7]"]
--read the rest here.
"...If I could somehow snap my fingers and cut off the funding from one country, it would be Saudi Arabia".
Be sure and read the important related post "Not all foreign ivestors Welcome"