|
|
|
|
|
by douche
3597 days ago
|
|
Of course it will. Someday, there won't be enough bread and circuses and sinecures for all of the extended offshoots of the House of Saud, and somebody will stir up popular, probably religious, discontent, or else a disaffected faction of the government/royalty will stage a coup. Besides that, it is a regime, and really, a nation, that is entirely predicated on petro-dollars. They have been fighting a price war against US/Canadian oil production, burning foreign currency reserves, in the hopes of setting back the clock. Unfortunately, the break-even point in the North Dakota and shale oil fields keeps going down[1]. [1] http://www.forbes.com/sites/rrapier/2016/02/29/the-break-eve... |
|
There was a HN article[1] a few months ago, on the efforts to move Saudi Arabia away from reliance on oil income. Although who can say how successful that effort will be.
[1] https://news.ycombinator.com/item?id=11540776