Here is a cheerful report about our Saudi "allies"...
I can't wait for these fuckers to go broke.
I don't care if they have a violent revolution. We can ramp up our own fracking production...
If jihadists take over Saudi Arabia and start exporting terrorism, they will finally have some fixed assets that they can lose. When we blow up their rigs and mine their harbors, they will be strangled for money...
Originally Posted by ExNYer
First of all, they're not close to going broke. They have assets and reserves estimated at over $700 billion to tide them over a period of low oil prices. Your article mentions a budget deficit of around $100 billion a year and they're already taking steps to trim it.
What is most perverse is how you root for an ally to go broke - instead of wishing this upon our adversaries Russia and Iran. Russia had sizable financial reserves a year ago, but they're depleting them much faster than the Saudis. It's a game of chicken. The Saudis are keeping the global oil market flooded because they know they can withstand low prices much longer than the Russians can. If you had any strategic sense you would be saying "I can't wait for those fuckers to go broke" about the Russians, not the Saudis. (You could have looked forward to the Iranians going broke too, but Odumbo is now bailing them out as part of his "legacy".)
Fracking is a cushion that won't save us if the Middle East goes up in flames. Your nonchalance at the prospect of jihadists taking over in Saudi Arabia is astonishingly stupid. We have spent decades helping the Saudis develop, operate and protect their oilfields - which are still essential to the stability of Western economies. Only a reckless and unthinking idiot would relish the thought of us someday going in and blowing up the terminals at Ras Tanura.
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