Posted on 01/31/2016 1:17:32 PM PST by Lorianne
Yea, time to sell your stock in Lamborghini...
Actually, if the monarchy loses control of the kingdom...all Middle East bets are off. Everything comes unhinged. And a true Caliphate will be born. SA has been funding ISIS for quite some time.
This is bad, very bad.
They could auction Mecca to the highest bidder.
No Saudi Arabia has a lot to offer the world, Things like sand and......more sand.
F them
Its possible that the Bush/Clinton alliance with Saudi Arabia has been a major cause in most of the middle eastern turmoil of the past three decades. While the middle east has always had its issues. The times of peace have been paid at a great cost. And have germinated many extreme groups.
Then they'll take off with their billions, leaving their country destitute, and buy up the pieces when everyone and everything else is destroyed, financially and otherwise.
Meanwhile, world leaders are still looking at it in terms of what's in it for them. And they wonder why voters across the globe are angry.
I’m not too worried.
China needs their oil.
You know, that friendly country with mafia business practices and 1.5 billion expendable people to enforce them.
Yeah they started this flooding the market policy to slip the green weenie to Russia and Iran. Somehow, it got away from them.
It was an interesting idea, then there are always strange and unintended consequences when you try to manipulate economics. That is why the phrase, “Hoist on his own petard”, was coined in the first place.
Now, as producers walk away and cap off their wells, the rise back up to the $4-$5 will be very rapid indeed.
There go the gold plated toilets
When the Sauds declined to shut down the spigot the average break even price of American oil was about $60. Now I think it is around $40. The technology cannot be unmade, or even slowed, short of a general nuclear war.
What keeps the Saudi’s from buying up all of the bankrupt U.S. Fracking ventures that they themselves caused with keeping the OPEC prices down?
Especially under a hillary/Bernie/RINO regime?
Time for the Saudis to get back to tents and camels. :-)
Good part of the stock market decline is because both the Saudis and the Chinese need cash and are liquidating their portfolios. Unfortunately for the US this is in fact a large withdrawal of capital from the US economy and will hurt.
Elect Trump and get congress to make it legal to sell our oil to other countries.
Destroy the Opecker Princes for what they have done to America in the 1960’s!
Shoulda saved the ill-gotten gains from their thieving oil cartel instead of funding Muslim terrorists all over the world. If every last one of them has to eat sand so be it. Not one dime to save them ever.
Those guys are done already.
They are probably are studying Mandarin (or hiring translators).
If they cut back on the terror subsidies the clergy would overthrown them.
Finally, when the ME begins to lose power and influence, the rest of the world would not have to worry any more about what the Muslims are up to, then they import millions of them.
There is something quite satisfying when those who attempted to crush us with their oil are themselves now being crushed.
I was in many a gas line in the early 70s. They sat in their thrones and were fanned and fed grapes by their slaves.
Screw them.
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