By Barbara Slavin As President Barack Obama prepares to fly to Saudi Arabia next week for a summit of Arab Persian Gulf states, the future of the long American alliance with the conservative Muslim kingdom is increasingly hazy. The two countries have faced serious crises in the past, especially after the Sept. 11, 2001 attacks, […]
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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.