U.S. Officials Fear Saudi Collapse If New Prince Fails
The House of Saud reigns based on an agreement between the Saud, and the Wahhabi clerics. The Wahhabi beliefs are the genesis for ISIS. More below the fold.
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Saudi Arabia Faces Challenge in Enlarging Private Sector
This is a Mafia model. The owners are the House of Saud. More after the jump. Mead has some spot on analysis over at Via Media regarding the future of the Iranian Hardliners5/26/2016 Moderation Postponed in Iran
Maddog has long believed that the Iranian Hardliners are a fixture, and their presence should not alter resumption of US-Iranian relations, or the return of Iran to the family of nations. Obama did the right thing by negotiating an elimination of sanctions, and the core trade deal, but failed to address the nuclear issue correctly. Ankara and Riyadh maintain uneasy alliance - FT.com
Just as every European nation still seeks to be the next iteration of the Roman Empire. More after the jump. Iran fulfils pledge to raise oil production - FT.com
"Iran is fulfilling its pledge to raise oil production and exports almost six months after western sanctions on the sector were lifted, surprising many analysts and commentators." Saudi Arabia Delays Payment to Contractors, Considers IOUs: Liquidity Crunch at Best | MishTalk
The collapse is happening even faster than forecast here at the lair! For more follow the jump cut! Senate approves Sept. 11 legislation despite Saudi threats
. . . oh, God, please let them execute on this amount of stupid. More after the break. EXCLUSIVE: Persian Gulf Sheikhs Gave Bill & Hillary $100 Million
How much corruption do you want, because you will get a butt load with this lot. These are some of the worst human rights, and woman's rights abusers in the world. An election is coming, choose wisely. Hat tip: Instapundit BILL AND HILLARY CLINTON GOT AT LEAST $100 MILLION FROM MIDDLE EAST SHEIKS Saudi Shift Brings Uncertainty on Oil
. . . they will lose their shirts on these trades, there is no support for the price of oil, demand is weak, supply strong, and no evidence anything will change that for a long time. "'In the Southern Persian Gulf, oil is becoming a political commodity, more than an economic commodity,” he said, though he lamented that shift. “OPEC is in a difficult situation.” In his first remarks as minister, Mr. Falih on Sunday said in a news release that the country would “remain committed to maintaining our role in international energy markets and strengthening our position as the world’s most reliable supplier of energy.'" Right, like we have been saying, oil is a political tool being used by both Iran, and the House of Saud in the existential war between the Shia, and the Sunni. Saudi cannot stop or slow production to support price unless it can verify Iran and the Shia oil producers will as well. This is desperation selling to keep the price low, and limit Iran's income, while making desperate changes to the Saudi economy in an attempt to create gold from straw. Good luck on that. The oil traders are as yet unwilling to believe that the House of Saud is actually willing to let the price tank. And so they continue to bid up the price on any minor problem, or supply bauble. But the metrics do not support pricing in this range without the House of Saud restricting the supply. Something the House of Saud has specifically said it will not do. Someone is going to get burned. Heh! This Saudi millennial just cemented his position as one of the most powerful people in the world
. . . camel? The rule is simple, anything which cannot go on forever will stop. And the most egregious Human Rights violator in the world cannot go on for ever. The House of Saud will fall, it is only a matter of time. The existential struggle between the Sunni and the Shia for control of Islam is coming to a head. Oil prices have tanked, and there is no evidence that demand will recover over the long term sufficiently to exceed current supply. There is excellent evidence that current supply will increase either through new finds, fracking old wells to renew output, or natural gas to liquids programs. The price of the end products of refined oil is likely to fall, and remain low. There is no evidence crude oil prices can seriously rebound in such a market. The House of Saud will try to ride this down by selling part of ARAMCO, and cutting the subsidies it pays to those living in Saudi Arabia, but this will be ephemeral. The oil in Saudi Arabia is in the East, the Shia parts of the country. One can already see the outcome. The dilettante Arabs mincing about as the House weakens, only to watch as the much more serious Shia Persians, and Arabs of the East take the oil fields. Couldn't happen to a more horrible bunch of Human Rights violators! |
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