Make no mistake. All the 'old talk' about allowing freedom to flourish by supporting the color revolutions now sweeping across the Middle East will be like so much hot air the moment it begins to threaten the stability of the most authoritarian and fundamentalist regime in the region. The kingdom where women enjoy no more rights than under the Taliban regime will be protected at all costs from the 'threat' of democracy. Those who insist on propping up oppressive regimes would do well to remember that "what goes around, comes around".
Wednesday, April 06, 2011 – by Ron Holland
Ron Holland "If something happens in Saudi Arabia it (oil) will go to $200 to $300 (a barrel). I don't expect this for the time being, but who would have expected Tunisia?" – Former Saudi oil minister Sheikh Zaki Yamani 4/5/11
In my view, Sheikh Zaki Yamani's oil price prediction would be the least of our American problems resulting from a Saudi government collapse. The most important question facing the United States today is whether the freedom or color revolutions sweeping the Middle East will impact the authoritarian regime of Saudi Arabia and the major oil producers surrounding this nation of major oil reserves?
The second question is if the government is overthrown, will the new government continue the practice of pricing oil in depreciating dollars rather than consider new options? The future value of the dollar and the dollar status as the world's reserve currency depend heavily on the answer to these two questions. Read More
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