The Arab rebellion and the oil
Since the Libyan revolution began, oil prices have surged -- and no doubt we will soon be hearing a lot of sniveling and whining about it.
You ain't seen nothin' yet. Just wait until Saudi Arabia explodes. The country's eastern province, where the oil is, has a largely Shiite population, and Shiites suffer discrimination under the Saudi regime. Even the Sunni majority in the rest of the country is restive under the barbaric theocracy that rules over them. It's already starting. There have been protest rallies in the eastern province, and the king has banned all public demonstrations and sent 10,000 security personnel to the east. This is how it begins.
This is necessary and legitimate. There is no inherent right to a prosperity based on denial of freedom to others. And don't be too concerned. America has weathered oil-price instability before. Whoever ends up in charge in Libya, Arabia, and the rest will still sell oil. It's the basis of their economy.
And in the long run we need to make the transition to non-fossil- fuel energy sources. This would be true even if there were no rebellion sweeping the Arab world.
You ain't seen nothin' yet. Just wait until Saudi Arabia explodes. The country's eastern province, where the oil is, has a largely Shiite population, and Shiites suffer discrimination under the Saudi regime. Even the Sunni majority in the rest of the country is restive under the barbaric theocracy that rules over them. It's already starting. There have been protest rallies in the eastern province, and the king has banned all public demonstrations and sent 10,000 security personnel to the east. This is how it begins.
This is necessary and legitimate. There is no inherent right to a prosperity based on denial of freedom to others. And don't be too concerned. America has weathered oil-price instability before. Whoever ends up in charge in Libya, Arabia, and the rest will still sell oil. It's the basis of their economy.
And in the long run we need to make the transition to non-fossil- fuel energy sources. This would be true even if there were no rebellion sweeping the Arab world.
posted by Infidel753 at 3:22 AM
5 Comments:
This is necessary and legitimate. There is no inherent right to a prosperity based on denial of freedom to others.
Damn straight! I'm fairly cynical now but to hear the Fox crowd whine about people seeking freedom and how it will harm us makes me want to puke.
I realize that the issue with them is that the Arab countries will form governments not beholding to the United States or corporate interests.
Hi Infidel,
It's been amazing to watch the Tunisian Tsunami spread. And it'll be interesting to see what the U.S. reaction is when Saudi Arabia gets caught up in the wave. Would be wonderful if this was the straw that broke the dependency on fossil fuels, eh? Great post, my friend.
It's just too bad we never think ahead or remember history. I read that Obama is considering getting into the oil reserves right now to stabilize the oil price. Like that makes sense... not! I am sure he's afraid it'll tank the economy again and he'll be blamed but he should think ahead for a scenario such as you described where it's not just about cost but about availability. I am old enough to remember waiting in long lines for gas in the '70s and you'd worry the cutoff would happen before you got your gas or you tried to come up with friendly stations who would tell their favorite customers when they'd be open and you'd pay extra for the privilege. That's the real threat not the current price hike.
You really think there is something going to happen in Saudi Arabia ?
If these guys, make short term promises and give money away to the citizens, the uprising might slow down.
Look at Kuwait, all the citizens get around 3600 USD, on the name of the 50th anniversary of Kuwait. But people say that this might actually slow down the uprising especially if they are doing some changes just for the visibility.
You really think there is something going to happen in Saudi Arabia ?
Well, here's another view.
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