Countries have interests and no friends
Quote:
Originally Posted by xfiltrate
Recent events have shaken the Saudi belief that the United States is an able partner and agreements dating as far back as the 30s, ARAMCO, 1948 etc have been covertly renegotiated and the current price of oil has much more to do with this change than with the profit motive or a potential profit
motive .
xfiltrate
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I restricted my earlier post to the regional issues of the middle east based on the national players therein.
As you indicate, there are other "great games" in play, and these are ones that have been discussed elsewhere.
Saudi Arabia wishes to demolish the production of oil by means of fracking.
How far they will go to achieve this remains to be seen.
Saddam was deposed from power because he was going to trade Iraqi oil outside of the petrodollar arrangements.
Gaddafi, the same, + he was interested in establishing some form of African currency based on a gold standard.
Russia may be interested in some kind of similar concept for trading oil with, say, China (and anyone else who might wish to trade with them).
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Dave
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