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As an European, I sincerly hope that the Saudi regime collapse, for all the BS they are creating here and in the Middle-East. Still, for Syria, they are not th
by throwaway1892 10y ago
As an European, I sincerly hope that the Saudi regime collapse, for all the BS they are creating here and in the Middle-East.
Still, for Syria, they are not the sole guilty party.
- pyvpx 10y agothe US can't let that happen because the hegemony the dollar has over the world economy would be at a very high risk. Oil is traded in Dollars exclusively. This gives the Dollar some very powerful and unique powers. Saudi Arabia has a strong hold on the OPEC cartel.
- throwaway1892 10y agoIf oil stops being so important to the world economy (which might happen, but not right now), this would reduce the risk to the world economy. And as oil loose its importance, the OPEC cartel will weaken (also OPEC do not contain all oil-producing countries).