I agree whole-heartedly with all five of his points.
Going way back to the origins of what we call SA, Exxon and BP had discovered the massive oil there. Eisenhower and the Brit leader allowed the Saudi tribe to nationalize the industry without a shot fired. That was the mistake. The West should have kept control and paid a nominal fee to the Arabs. Instead, they became uber wealthy and the dream to rebuild the empire arose.
Big mistake the world has paid for since then. It would take extreme violence to undo it but it could be done.