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15 Charts That Should
Terrify Saudi Arabia

Business Insider, by Rob Wile

Original Article

Posted By:Hermoine, 7/29/2013 11:01:59 AM

Billionaire Saudi Prince Alwaleed has sounded the alarm about the threat shale oil and gas development poses to the petro-kingdom´s barely diversified economy. It´s taken awhile for such a prominent Saudi to acknowledge this fact. But it´s been pretty clear to the rest of the world. In March, for instance, Norway´s foreign minister said America´s shale boom could rearrange the Middle East´s balance of power.

Comments:
Despite Obama´s disastrous economic policies and his bowing to the King of Saudia Arabia...it looks like things are going to be changing all the same in the Middle East. It also looks like that Iran may be in an even better position to capitalize on these changes, which of course, is not good. Yet, if Saudia Arabia starts bleeding money, it will no longer be able to fund international terrorists.

      


Post Reply  

Reply 1 - Posted by: Johnny Angle, 7/29/2013 11:07:37 AM     (No. 9447868)

Well, the Saudis can always resort to their second leading business - tourism - OOPS - I meant TERRORISM.

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Reply 2 - Posted by: Garage Logician, 7/29/2013 11:18:53 AM     (No. 9447895)

Good money in that?

Let´s just remember whose ring Hussein Obama kissed. By blocking federal leases and land sales to oil producers and explorers, Hussein Obama will continue to support terrorism and his Arab masters.

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Reply 3 - Posted by: losgatos, 7/29/2013 11:29:55 AM     (No. 9447911)

Back to the camels!

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Reply 4 - Posted by: rod reese, 7/29/2013 11:45:11 AM     (No. 9447940)

Oil from anywhere but the Mideast is a good thing. Now if King Obummer would stop blocking the XL pipeline America would generate a lot of good paying jobs, towns all along the pipeline path would experience an improvement in their local businesses and America would benefit from the energy. Too bad we have a president who hates America.

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Reply 5 - Posted by: msjena, 7/29/2013 11:47:14 AM     (No. 9447944)

This is why cartels don´t work. If the price goes too high, it is no longer cost-prohibitive to develop alternatives.

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Reply 6 - Posted by: craige, 7/29/2013 11:48:06 AM     (No. 9447948)

So much for ´peak oil´.

Greenies, liberals, and doomsday preppers all suffer from same problem. They think things are static. Technology is always changing the game. Politics are our biggest handicap.

Not saying it´s a bad idea to do a little prepping. Katrina and Sandy can happen anytime.

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Reply 7 - Posted by: woodsman, 7/29/2013 11:53:13 AM     (No. 9447963)

It´s about time these clowns got fracked

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Reply 8 - Posted by: whyyeseyec, 7/29/2013 11:55:21 AM     (No. 9447967)

@#4: Ted Cruz would be the only potential president to approve the Keystone Pipeline. Nobody else will do it, especially Shrillary. Jeb Bush? Forget it. He`d bow to the Saudi`s and the enviro`s immediately.

Don`t expect a pipeline any time soon.

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Reply 9 - Posted by: Hybernicus, 7/29/2013 12:00:33 PM     (No. 9447976)

Wait until the Saudis buy up all of the shale oil lands. Then we are back where we started. Expect Obama to facilitate that one.

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Reply 10 - Posted by: enuf8, 7/29/2013 12:41:10 PM     (No. 9448040)

This information explicitly explains why obama is so against the Keystone Pipeline and why he has the EPA creating the problems for the oil, gas and coal industries. Yep, Saudis are worried their income is diminishing.
Fracking has been done in spite of this administration to halt it. Since it is on private lands he is not the lease-holder, even though he thinks he is.

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Reply 11 - Posted by: Trust No One, 7/29/2013 12:45:15 PM     (No. 9448050)

I´m all for taking the oil power from the ME, but will we be ready for the turmoil it will create?

Those People are nuts and will retaliate in all manner of ways.



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Reply 12 - Posted by: yonjuro1, 7/29/2013 2:18:49 PM     (No. 9448206)

Suck it, Waleed and the camel you rode in on.

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Reply 13 - Posted by: NavyJAG907, 7/29/2013 2:43:19 PM     (No. 9448249)

When we have the money and economic assurance that fracking will bring, turmoil in the Middle East will not be a significant US problem. China may have to pick up the slack. With the exception of safeguarding Israel, I hope we pull out and let the Muzzies kill each other.

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Reply 14 - Posted by: woofwoofwoof, 7/29/2013 3:57:40 PM     (No. 9448374)

Without excess cash the Saudi royals all depart for Switzerland and the Saudi "nation" descends into chaos.

Maybe Jordan reinherits Mecca.

Coming soon to a middle east near you ...

btw, in those charts and everything else you read, any serious growth in "renewable" is almost all hydro, NOT wind or solar or biodiesel or whatever.

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Reply 15 - Posted by: stymie82, 7/29/2013 5:18:43 PM     (No. 9448468)

Let us hope that all the bearded mongrels in dirty nigtshirts depart for Switzerland, leaving the place to their women who climb out of their bags and into the modern world.

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