You Have No Idea How Bad It Will Be If Saudi Arabia Goes Down

John Ellis
Business Insider

The National Journal today addresses the Mother of All Middle Eastern issues:  what happens if Saudi Arabia comes apart?  The world’s energy community is meeting at the annual Cambridge Energy Research Associates meeting in Houston (TX) this week.  The prospect of Saudi Arabia unraveling is the only thing anyone is talking about, in advance of tomorrow’s “Day of Rage” in Saudi Arabia.

The National Journal report begins:

It probably won’t happen. But if Saudi Arabia faced the same turmoil as other Middle Eastern countries, it would be disastrous. And that’s what’s got people attending an international energy conference here talking.

“If Saudi Arabia were to become unhinged, the consequences are almost impossible to imagine—politically, economically, at every level,” said Ryan Crocker, who was the U.S. ambassador to Iraq until 2009…

The article continues at Business Insider.

Related: Markets Slide Amid Saudi, EU Fears

The blue chips hit session lows — sinking more than 200 points — amid concerns about sovereign debt in several European countries and reports of police firing at protesters in Saudi Arabia helped crude pare steep losses.

Comments are closed.