Decline of the House of Islamic Fundamentalism: Saudi Arabia’s Declining Oil Revenues

In the 1990’s the Saudis needed oil to sell at $20 a barrel (in US dollars) in order to break even. From 2014-2016, oil needed to sell at $80-$100 a barrel to break even. This, combined with the reckless financing of terrorist groups around the world, puts their economy in a very weakened position. When you add the fact that the authoritarian nature of its political rule mobilizes very few of its population to help solve its problems, it produces a recipe for political disaster. As Israel and the Yankees have their own problems, it is hard to imagine Saudi Arabia solving these problems left to their own devices.

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