Posted April 26th, 2016 at 2:34 pm (UTC-5)
[I]f oil prices stay low, the Saudis might not have enough time to buy up the world’s stocks before their core asset is totally devalued. And without oil, the Saudi state has little else holding it together. The result could be another chaotic failed state — and this time in the home of Islam’s holiest sites.
Is Saudi Arabia the Next Failed State?
[I]f oil prices stay low, the Saudis might not have enough time to buy up the world’s stocks before their core asset is totally devalued. And without oil, the Saudi state has little else holding it together. The result could be another chaotic failed state — and this time in the home of Islam’s holiest sites.