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Robert

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  • While Saudi Arabia Goes to War Abroad, It’s Simmering at Home
    • Long-term developments in the oil markets make the prospects for the Saudi economy grim. Saudi oil exports have risen to about 10 MMBD, as they are afraid of losing market share to non-OPEC production, especially US shale production. Any sustained rise in prices will bring new production online rapidly, increasing supply and forcing prices back down. Couple that with a rapidly increasing population and you will have an explosion sooner or later.

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