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Markets  |  November 08, 2012 12:48:05

What event has the potential to send the price of oil up to tens of dollars?

This is the latest in a series of views of the oil-extracting countries. The Chinese subjugation   Mexico   and   Venezuela   you have read recently. Now I look at the largest oil producer - in Saudi Arabia. Skip its cooperation with China,  I wrote about this back in January   I focus on the political risk of the country. O as the event is it?

Events with such potential can become any Islamic revolution in Saudi Arabia, where the current regime with close ties to the United States, so to speak, "come from value". Such a development could send the entire  the current global financial system in the flowers .

Detonator further development of the crisis caused by the country's leadership in the struggle for succession. Crown Prince Bandar was apparently murdered in August (although some sources speak of a heart attack), the Crown Prince Salman has been speculation about the possibility of exile, where he led the reform movement.We must not forget that Prince Salman is already 76 years old and still lacks any more experience with the management of the country. Any ambiguous handover throne, mismanagement of the country, can all be used Islamists to major regime change. That is something like the royal family fears evidenced by recent changes in the armed forces of Saudi Arabia.

While this development will be accompanied by the initial burst of enthusiasm, but over time (in the next months), then the apparent instability of the new system. Something like what I'm seeing now in Egypt and Libya.

The biggest victims of the Islamic revolution in Saudi Arabia would then become the petrodollar standard.   Saudi Arabia is a country holding in his hand a number of triumphs . The price of oil then it will jump up to tens of dollars, the dollar will end its reign as the world's global reserve currency. And it will be painted ...

Information coming from Saudi Arabia, we should watch very carefully. To be very surprised at the pump ...

Tyto zprávy pro vás vytváří server ve spolupráci se serverem SILVERUM .
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