Riyadh’s Worst Nightmare: Is Saudi Arabia’s Oil Business Going Bust?
SputnikNews.com
10.03.2016
“What if Riyadh’s oil wealth days are numbered?” American political analyst Phil Butler asks, shedding light on what “peak oil” means for the Western economy.
Saudi aggression against Yemen and the much discussed Saudi-Turkish initiative to kick off a ground operation in Syria are clear signs that Riyadh is in trouble.
“Saudi Arabia’s ever increasingly hostile stance toward neighbors may not be as secular as some have suggested. Given the nature of the country’s oil reserves, and almost unlimited production for decades, it’s possible the Saudis could simply be running out of gas,” US political analyst Phil Butler writes in his article for New Eastern Outlook.
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