Here's a short piece by Alex Epstein, also of the Ayn Rand Institute. In it, he discusses the Saudi arms deal.
The money quote:
"This is absurd," said Alex Epstein, a junior fellow at the Ayn Rand Institute. "The administration has been telling us that we must forgo oil for more costly fuels because our 'addiction to oil' helps finance hostile Middle East regimes--among them Saudi Arabia, which has spent almost $100 billion spreading the terrorists' ideology of Islamic Totalitarianism. And yet at the same time that our leaders demand that we sacrifice oil-consumption for the sake of protection from the Saudis, they are arming the Saudis to the teeth.
"What explains this blatant contradiction? While one might attribute it to simple hypocrisy, the Bush Administration is in fact being consistent. In response to both the Saudi threat and the Iranian threat, our response is not self-assertion, but self-sacrifice. When Saudi Arabia spreads a terrorist ideology around the world, we do not punish that regime, we punish ourselves by rejecting the lifeblood of our civilization.
Read the whole thing.