I am certain the House of Saud put in a phone call to BofA/Merrill, after one of their analysts had the gall to speak the truth, with regard to the scorched earth strategy they’re taking to crude oil production.
From the land that gave us the 9/11 attacks, Saudi Arabia now offers us famine and hardened recessions, pink slips galore, until all of the market share falls back into their robed laps. In case you’re hoping to survive the coming oil barrel wars, just know that the House of Saud fully intends to bankrupt your stupid country, whilst smoking cigars with your sell-out leaders. Moreover, if you get in their way, they will dispatch terrorists into your heathen countries to take down your tallest buildings.
All of the crude oil is theirs. If prices don’t get low enough to ensure the insolvency of their competitors, they will ‘grease’ the pockets of your environmental agencies to levy fines against your oil producing polluters to make business untenable.
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18 minutes and no comments! What does this mean?
Saudi is so dangerous right now. Basically an unstable 30-year-old in charge of an absolute monarchy — what could go wrong?
This is a difficult post to wrap my head around. Yes. You are correct. However, we have a very long, close standing with the House of Saud. You can’t fuck around with this stuff. It isn’t just fat, cigar smokers. It’s political stability in a region of the world where political stability is difficult to maintain and as lowly middle class Americans we do not understand sovereignty. We threw off the yolk of sovereignty, albeit not that long ago, and the de facto Christian, WASP establishment is deeply entrenched since our nation’s birth.
I’ll never forget Pres. George W. holding the hand of a Saudi King or Prince upon his helicopter arrival at the White House or Camp David or something. The body language spoke louder than any words I’ve read on the subject.
Saturday Cinema suggestion: “Lawrence of Arabia”
T.E. Lawrence: We do not work this thing for Feisal.
Auda abu Tayi: No? For the English, then?
T.E. Lawrence: For the Arabs.
Auda abu Tayi: The Arabs? The Howitat, Ajili, Rala, Beni Saha; these I know, I have even heard of the Harif, but the Arabs? What tribe is that?
That was his selection 16 days ago.
Really! I was totally out of commission physically. No Internet, Nothing.
I suspect that by sovereignty, you meant monarchy. I would agree though. The Islamic countries seem to need a strong-man type government to hold together or else things turn into Somalia circa early 90s. This looks like a cultural thing to me.
On Point! Yes. To them it is more than a cultural thing. It’s an Identity thing. It is “Who am I?” “What is my place, what are my rights in this sandy, barren world?”
We have had a close relationship with them because we needed their oil. Technically, we do not need their oil now but we have no balls. As for stability, I am not sure that spreading Wahhabism around the world promotes stability.
It is not the government but the clerics in Saudi who do that. No matter who the government would be, the clerics would probably still spread Wahhabism around the world, unfortunately.
As many flaws as the Saudi government has, it may be like Saddam was in Iraq i.e. better than the alternatives. The government is moderate, compared to Saudi’s clerics. The clerics do have so much power that the government tiptoes around them, doing reforms very gradually, like allowing women the vote recently. But if the clerics were in charge, things would get more extreme quite quickly.
In the M.E., it’s better to settle for the least bad alternative, than to try to economically or politically destroy the people who look like “bad guys.” Because often times, the alternative guys may be far worse. Saddam was better than ISIS. And so is the Saudi government, it appears.
We definitely do not want to see ISAIS– an Islamic state of Saudi Arabi, Iraq and Syria. And that could very well happen, if the Saudi government were to fall.
“All of the crude oil is theirs.”
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all your base are belong to us
Le Fly est le best commentator of current events … freeze dries it down to its essence