Monday, July 29, 2013

Why Saudi Arabia Is Starting To Panic Over Recent Oil And Energy Trends

Pacifica Partners
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15 Charts That Should Terrify Saudi Arabia -- Business Insider

Billionaire Saudi Prince Alwaleed has sounded the alarm about the threat shale oil and gas development poses to the petro-kingdom's barely diversified economy.

It's taken awhile for such a prominent Saudi to acknowledge this fact.

But it's been pretty clear to the rest of the world.

In March, for instance, Norway's foreign minister said America's shale boom could rearrange the Middle East's balance of power.

Read more ....

Previous Post: Fracking Technology Is A Threat To Saudi Arabia

My Comment: A sobering collection of graphs and tables (for someone from Saudi Arabia).

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