Oil's Latest Casualty: Saudi Binladin Group Fires 50,000, A Quarter Of Its Workforce
A house fire was never more deserved.
The House of Saud recently came out with an announcement that it would spend $1 trillion to create an economy in Saudi Arabia. Hahahahahahahahahahahahaha! They are losing what economy they have faster than they are creating a new "real" economy.
Saudi Arabia Outlines Reform Plan for Oil-Addicted Economy
Brilliant! The House of Saud tyrant of the land is magnanimously going to finally create an economy? How? These people used to know how to ride camels, and, er, um, well, follow Lawrence of Arabia. Other than that it is a bit difficult to pin down what they actually can do. But work would not make the list. This is a nation of dilettante ne'er do wells intent on eating more welfare, kvetching about the price of oil, and funding anti-West terror groups.
Cut them loose. Tighten visa restrictions so few if any Saudi's can even visit the US. Cut them loose from US military arms supplies, and training. This is the enemy, not an ally. We learned the same lesson 70 years ago when our ally, the USSR, proved to be enemy number 1.
Expect the House of Saud to thrash around and throw money at all manner of inane projects, funds, businesses, but in the end it will be wasted. Without oil there will be no House of Saud, and the price of oil just took a terminal swan dive. Also expect Iran to increase its pressure on the House of Saud. Good. We should support this, albeit covertly.
This is one house fire which would be helped by using gasoline.