Tag Archives: Saudi Arabia

The “Worst News of 2015” Just Got Worse

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Just a garden-variety protest in some Middle Eastern county, you say, nothing to be afraid of here? Wait till you find out where these people are. (BBC Photo by Safa Al-Ahmad)

Just a garden-variety protest in some Middle Eastern county, you say, nothing to be afraid of here? Wait till you find out where these people are. (BBC Photo by Safa Al-Ahmad)

The news photo I labeled the scariest of 2014, back in August, and the news story I called the worst of 2015 a few weeks ago, just got scarier, and worse. The photo was of demonstrators who have managed to keep an insurgency alive in the Eastern Province of Saudi Arabia for three years despite everything a boundlessly wealthy state can do to snuff it out. Bad for us, because the Eastern Province is where the Saudi oil is. The worst news of the year for us was that the Saudi king was in hospital with a terminal illness. Now the king is dead, and the difficulties faced by his successor just became worse by at least an order of magnitude. Continue reading →

Saudi Oil Dreaming: “We Have a Lot of Capacity”

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With prices spiking and riots erupting, the Saudis say: Don't worry, be happy.

The three biggest lies current in the world today: 1) “The check is in the mail” (still a favorite, after all these years). 2) “Lower taxes for the rich means more jobs for the poor” (well into its fourth decade as a popular inversion of reality). And 3), the newest and in some ways the biggest; “Don’t worry, Saudi Arabia will increase oil production to keep prices from going too high, OR to compensate for the loss of Libya’s/Iraq’s/Egypt’s production, OR to reassure the re-election of American politicians if their name is Bush, OR whatever.” Continue reading →