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Mideast Turmoil: Follow the Oil, Follow the Money

by Charles Hugh Smith
Of Two Minds

In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters.

While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the oil, follow the money. Correspondent B.D. recently posited a factor that has been largely overlooked in the geopolitical / fate-of-the-petrodollar discussions:

Perhaps the core dynamic is a technical one of diminished oil production. Here is Bart’s commentary:

“I think the Saudis may be quickly running out of profitable oil to produce/export.

Continue Reading at OfTwoMinds.com…

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