Goodbye Cheap Oil: Saudi Next, Breaking News, Saudi Next

[Atheist-Lite]

You heard it here first.....

http://www.atimes.com/atimes/Middle_East/MB19Ak01.html

Here's a crash course on how one of "our" - monarchic - dictators treats his own people during the great 2011 Arab revolt.

The king of Bahrain, Hamad al-Khalifa, has blood on his hands after his mercenary security forces - Pakistani, Indian, Syrian and Jordanian - with no previous warning, attacked sleeping, peaceful protesters at 3 am on Thursday at the Pearl roundabout, the tiny Gulf country's version of Cairo's Tahrir Square.

...........

Yet there may be reasons to dream of Saudi Arabia following the winds of new Egypt. The average age of the House of Saud trio of ruling princes is 83. Of the country's indigenous population of 18.5 million, 47% is under 18. A medieval conception of Islam, as well as overwhelming corruption, is under increasing vigilance on YouTube, Facebook and Twitter.


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[pErvinalia]

Bring it on!

[Rum]

Morocco too now..

[pErvinalia]

When is it the US's turn?

[Atheist-Lite]

When is it the US's turn?

When the dollar goes down and they realise their on a lock-in they'll be squabbling like ferrets in a sack.

[Ian]

S'ok, I drive a Prius. I thought 50mpg might come in handy someday.

[Hermit]

Time to buy Halliburton shares. They seem to do OK whenever the US liberates a country.

[Atheist-Lite]

Time to buy Halliburton shares. They seem to do OK whenever the US liberates a country.

I think they might want to liberate canada and the tar-sands next?

[Ian]

I think we need to liberate the Bahamas, Jamaica and Bermuda. And Cuba.

[mistermack]

I would happily pump up the tyres on my pedal bike, to see a Saudi revolution.
Anyway, they would still need to sell their oil.
And what's the betting that they would end up with another dictator within months?
They are brought up with a bias towards hereditary dictators. It's in the human psyche.

[Warren Dew]

When is it the US's turn?

When Obama decides to use troops against Tea Party protesters, presumably.

[pErvinalia]

When is it the US's turn?

When Obama decides to use troops against Tea Party protesters, presumably.

Hell no. We don't want those nutters taking over. We want the more reasonable folk who understand democracy and understand that the concept of a free-market is flawed.

[Atheist-Lite]

http://www.bbc.co.uk/news/business-12534961

With the oil-rich Arab world facing a protracted period of popular revolt and political uncertainty, investors in the energy sector are now planning for the costly and totally unpredictable.

As they do, prices are rising.

Since the protests began, the price of Brent crude oil traded in London has risen by 15%. By contrast, however, US light, sweet crude is little-changed since the beginning of the year.

Gas prices also tend to rise alongside oil, leading to higher petrol and energy prices, especially in Europe.

There is also the risk of shocks to the system if either the oil or gas supply from North Africa to Europe is interrupted

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[Brian Peacock]

Crumbs....