The article drifted into bullsh!t very early on.
Recovery of shale oil, which is vastly more plentiful than free oil has been anticipated since the thirties.
It was a dinner table topic from time to time in my home back in the sixties.
A lot of people knew it would come.
Perhaps not too many leftist journalists.
Just wait until the Saudis put Jeb in place - all will be well. :)
When Saudi Arabia runs out of oil their main source of energy will be camel dung.
The whole article is conjecture. It basically seems to be advocating Saudi princes over American consumers.
We all must remember, since the OPEC oil embargo of 1973 the Saudis have been playing us like a fiddle. The river of money flowing into their coffers has since been used to fund Islamic terrorism around the world.
If we allow it, the market will sort out a good portion of this mess. But if we continue to interfere, Saudi led OPEC dominance of world oil will continue.
Turkey, never having relied on oil, still maintains economic viability without it, and to a lesser degree, so does Egypt, but neither will ever enter the inner economic ring.
Without oil, Iran is going to backslide enormously, and can no longer support anything close to its present standard of living.
Arabia without oil, or even without sufficient oil revenue, will implode. When the money dwindles, the foreign workers will go home. Saudi Arabia will be like a large resort, where the guests wake up without electricity, without hotel staff, and without any means of leaving.
This country has suffered enough from the misery of its involvement in the Middle East since I was a kid.Now that I’m approaching sixty I say the hell with the Middle East.
Let the Saudi’s defend themselves.Afterall friends don’t murder there friends like the Saudi’s have.Remember 9-11.
The only country we should continue to assist is Isreal.If only because it’s the only free Democratic count in tha hell hole of a region.