Meltdown in Saudi Arabia. Will you oil guys get what you want?

[Gestalt]

Apparantly doznes raids and overnight arrests including royal family.

https://www.nytimes.com/2017/11/04/w...bin-talal.html

[IggyB]

The fecal matter may be hitting the rotating oscillating object.

[ExtraSlow]

I thought big oil ran Saudi Arabia. Why would big oil enjoy of big oil melting down? So confused.

[Gestalt]

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I thought big oil ran Saudi Arabia. Why would big oil enjoy of big oil melting down? So confused.

Let me help. mid east uncertainty and instability boosts oil prices. It why it's a policy to keep the mid east chaotic.

[suntan]

This will do nothing to raise oil prices. There is no uncertainty. The Saudi family is simply doing what they always do - getting rid of potential opponents.

[ZenOps]

"You don't vote for kings."

Democracy is one of the *only* ways you can get regime change in certain parts of the world. I mean, if the populace is under a monarchy, and the visible population is say entirely black, how do you get a white person in power? Its impossible to say "bloodlines" because its just too obvious.

The other ways are puppet regimes, where you have a minister of some sort that has ceremonial power only. The alternative is to return to serfdom and slavery.

I don't think anything else has been tried.

If I said that we should vote Galen Weston out as tyrannical food Tsar, that would be the equivalent of trying to oust an oil baron. The accepted method, other than by gunpoint - is to try and vote them out. There does come a point though, where people simply get tired of trying democracy but can no longer live in a puppet regime or debt slavery, and simply start pointing guns.

The bigger question to me is: Is the family deserving of being ousted? Currently the USA is most definitely on the track of returning to serfdom and slavery (not that it ever strayed too far from it) for its own populace. The instability that the USA has been imposing on the rest of the world for decades is without doubt, starting to come home, it is starting to create instability in its own local populace. Could have seen that coming from a mile away, idiotic US foreign policy.

[Gestalt]

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This will do nothing to raise oil prices. There is no uncertainty. The Saudi family is simply doing what they always do - getting rid of potential opponents.

Nothing like this has happenef in Saudi Arabia's history. That billionaire princes and investors have been arrested. Some of their stock holdings are already down 10%. Thisbis like arresting Warren buffet and dozens of other influentials.

[ExtraSlow]

There are thoudands of billionaire princes in Saudi. So this is not as big of a deal as it sounds. Normal dynastic politics, and happens every ten to twenty years.

According to wiki the house is Saud has around 15,000 members, with at least 2000 in the top tier of wealth and influence.

[Gestalt]

With turmoil in Saudi Arabia, oil huts 2 year high with talk within Ooec of $70 oil.

https://www.ft.com/content/51d440a8-...2-6786f39ef675

[Masked Bandit]

[QUOTE=Gestalt;4691853]With turmoil in Saudi Arabia, oil huts 2 year high with talk within Ooec of $70 oil.

[url]https://www.ft.com/content/51d440a8

Bad link, need subscription to read.

In other news, double meat subs for everyone!

[Xtrema]

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Nothing like this has happenef in Saudi Arabia's history. That billionaire princes and investors have been arrested. Some of their stock holdings are already down 10%. Thisbis like arresting Warren buffet and dozens of other influentials.

It has happened in history because they have never owned so much outside of the kingdom.

But oil prices, nobody is freaked out yet. Because even before this, Yemen is already lobbing missiles over and SA has been bombing their capital. And oil is still over supplied and stay put.

As we switch from one conflict resource (oil) in Middle East to the next (cobalt) in Congo. Expect more shit and terrorism continuing around the world.

[ickyflex]

Saw Author. Expected nothing. Expectations met.

[Gestalt]

https://www.cnbc.com/2017/11/06/saud...before-50.html

http://markets.businessinsider.com/n...-11-1007073239

[J-hop]

Gestalt this is good news for you as well if the predictions are that oil prices will rise. Or do you still not believe oil companies fund alternative energy research?

[ExtraSlow]

Or that high oil prices are an incentive for renewable energy?

[Gestalt]

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Gestalt this is good news for you as well if the predictions are that oil prices will rise. Or do you still not believe oil companies fund alternative energy research?

nrcan.gc.ca

[phreezee]

Iran/Yemen launch a missile at Saudi http://www.cnn.com/2017/11/06/middle...iew/index.html

[J-hop]

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nrcan.gc.ca

And?.....

[dirtsniffer]

Re: do you oil guys get what you want.

No gestalt is still here.