Professor Vijay Prashad: Saudi Arabia Is in trouble & makes a big mistake

Summary: In our age some of the greatest conflicts see no shots fired, such as the oil price "war" begun by the Saudi Princes. Opinions differ about the eventual outcome. I say bet on the Saudis to win. But nothing is simple. Here regional expert Vijay Prashad sees the Saudi Princes making a foolish and … Continue reading Professor Vijay Prashad: Saudi Arabia Is in trouble & makes a big mistake

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Stratfor looks at the Saudi Princes’ plans for a 21stC Kingdom under their rule

Summary:  Saudi Deputy Crown Prince Mohammed bin Salman gave his first-ever live interview to announce a bold new plan for the Kingdom. Stratfor sketches the details. It's the standard conservative schtick: "tightening the social contract" (i.e., cutting subsidies to the public), privatizing national assets, and big talk about a glorious future -- in which the … Continue reading Stratfor looks at the Saudi Princes’ plans for a 21stC Kingdom under their rule

The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead.

Summary: The great struggle to manage or even control oil prices again dominates the world economy and the news headlines. Yet even the basics are poorly understood, cloaked in myths and misunderstandings. Here is a quick sketch of how the oil boom brought us here, how the bust will end, who will win, and what … Continue reading The oil bust will deepen before prices skyrocket. Even wilder swings lie ahead.