Revolution in Saudi Arabia?

I’d say so !   Half its young people are on generous welfare benefits — the best in the world – paid for out of a huge rate of profit from a gas and oil industry which produces oil at $2 to $5 a barrel. For the past year or so it has been seeking to destroy the new American fracking industry by over-pumping its own oil, reducing the price and running down its government surplus. It will not be able to continue this for more than a year or two longer without a more sensible faction of the huge Saudi royal family overthrowing the 30 year-old Crown Prince Salman.

Unless a revolution intervenes because welfare benefits are already having to be reduced.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s