Saudi Arabia: King Abdullah DEAD, Time For Revolution?

‘While undergoing treatment for pneumonia, Saudi Arabia’s King Abdullah bin Abdulaziz has died. Crown Prince Salman has been named as the new King.

This event comes at a challenging time for Saudi Arabia. Oil prices are dive bombing and it is widely understood that the Kingdom can only sustain such low rates for a certain period of time, before it approaches economic catastrophe. Saudi Arabia is what is known as a ‘Swing State‘, meaning that it has the ability to swing the price of oil, literally overnight, by either cutting or enhancing production by around two million barrels of oil per day.

It is believed that U.S. pressure, the de facto driver of Saudi foreign policy, is swinging the price down in an attempt to subsequently attack Russia’s oil-dependent economy; after it has failed to do so on all other fronts.’

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