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!