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I used to think this also, that they would eventually turn down production and raise prices. But now I believe the Saudis are in a race to cash out everything t
by unabridged 11y ago
I used to think this also, that they would eventually turn down production and raise prices. But now I believe the Saudis are in a race to cash out everything they can before either their regime is toppled or battery technology makes oil less desirable.
- at-fates-hands 11y ago>> I believe the Saudis are in a race to cash out everything they can before either their regime is toppled or battery technology makes oil less desirable. They've been talking about the regime imploding for practically 30 years now. Robert Baer predicted the collapse of the regime over a decade ago: http://www.theatlantic.com/magazine/archive/2003/05/the-fall-of-the-house-of-saud/304215/ http://www.theatlantic.com/magazine/archive/2003/05/the-fall...
- unabridged 11y ago>They've been talking about the regime imploding for practically 30 years now. With what's happened in Northern Africa in the last few years and real elections next door in Iraq (and probably Syria within the next couple years) the Saudi people have to be on the brink. Saudi Arabia already has a defense budget the size of Russia's just to keep the country peaceful.