King Abdullah of Saudi Araiba has died -

[Neuling]

Originally Posted by Mircea

No, you are dependent upon Petro-Dollars, not the Saudis.

If OPEC switched to Euros or basket currencies, your life would be miserable.

The Saudis would do just fine on Euros, plus they'd get technology from the French and Germans.

Saudis fracking?

Don't be silly...

Mircea

No, SA is not as important as they are made out to be. Even Venezuela has more oil reserves than SA.
It doesn't matter which currency they use. If the world decided to boycott SA's oil, it would be finished pretty soon.

[texdav]

Originally Posted by mountainrose

Good riddance.
Reformer? He still wouldn't let women have drivers licenses. And the other day they BEHEADED a woman in the public streets because the husband said she killed their daughter -- no trial, just the hsband's word.
They still have honor rapes and honor killings of women.
Not much reform happening in my book. He blamed it on the conservative religious leaders, but he was the king.

but nothing has changed just one person died. besides the fact that Saudi's do not seem to care as long as they get all the free stuff; which they do. Sounds familiar?

[greywar]

Originally Posted by Neuling

No, SA is not as important as they are made out to be. Even Venezuela has more oil reserves than SA.
It doesn't matter which currency they use. If the world decided to boycott SA's oil, it would be finished pretty soon.

I believe SA has one of the lowest costs to extract oil-possibly even the lowest, which is what makes them important compared to Venezuela.

The world is not going to boycott their oil.