Friday, November 17, 2017

The Quiet Coup in Saudi Arabia and the True Effect Fracking has had on the Kingdoms Economy

The quiet coup that is happening in the Kingdom has gotten almost no airplay on any of the major News Outlets including FOX. Mohammed bin Salmin, originally 3rd in line to the throne is to become the defacto ruler in a few weeks. The current King will remain as figurehead while the true power goes to MBS (as Mohammed is referred to).

Last week over 200 royal family members. ministers, military officers and prominent businessmen
were arrested on charges of corruption. All part of the movement for MBS to consolidate power. Now the intrigues of Middle Eastern Politics notwithstanding, there are numerous factors at play here.

Prominent is the issue of the rise of Natural Gas Fracking around the world. Last year the Kingdom recorded a 79 billion dollar deficit. Not enough to cripple them, but enough to make them realize just how badly they've been hurt the Natural Gas boom. In any event the Kingdom's soon to be new ruler is willing to forgive and forget if the 200 "detainees" agree to hand over 70% of their assets back to the kingdom's coffers. This is estimated to be at least 100 billion dollars, and is expected to be far more in actuality.

Add into the mix that Israeli and Saudi security forces have agreed to share intelligence on Iranian activities is another sign that the times are a changing in the potluck stew that is the Middle East.

https://www.theguardian.com/world/2017/nov/16/saudi-offer-in-corruption-crackdown-cough-up-the-cash-and-go-home


AND ON THE SUBJECT OF STRANGE BEDFELLOWS

Israel and The Kingdom to share intelligence, with most people thinking it pertains to their mutual distrust of of Iran.

Oh yeah, interesting times indeed.

https://www.reuters.com/article/us-saudi-israel-iran/israeli-army-chief-says-ready-to-share-information-with-saudi-arabia-idUSKBN1DG29N?il=0

No comments: