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A large proportion of the petroleum dollars that flowed into the bank accounts of the Saudi royal family because of the oil price hike, were invested in the United States. Unger estimates that since the mid 1970's, 85,000 extremely rich Saudi Arabians have invested a total of at least $860 billion dollars in American companies. Houston Texas, the oil capital of the United States, has benefited more than any other city and now has a significant Saudi presence.
The Bush family has had connections with oil industry for years. George H. Bush bought an oil company in the 1950's and sold it, at a striking profit, a decade later...
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