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@AKA, sorry, I didn't know it was coming across confrontational. Yeah, there were some other posts he had earlier (especially towards someone else) but on the Saudi discussion I didn't notice a bad tone, I just thought we disagreed. It's no crime to be mistaken on Saudi security/politics.
It might damage his investments sometime, of course, and I hope he never goes to live there without actually learning something first. But I didn't think our discussion on this was detrimental. I'll leave it be now.
SP, not sure if you are looking for confrontation in your posts but try and adopt a little humour and show a little respect to fellow posters.
Not tat sure what the hells going on between TMT and yourself, but I assume you wont be exchanging Christmas cards...
It would be nice to get the posts back to a civilised state by all (I include myself in this - we all have our bad days)
Take care all.
Or India, Australia. Those were colonies ot the largest empire in history.
So were the English in the US.....
Different views sharing the same path :)
100 % positive it the Saudi Royal family they have been in power for more then 200 years.
@SP. You just described the Shah of Iran's regime, I think.
Clearly, we won't agree, and it does affect how we see the future of oil prices, and to an extent, BP shares.
TT
The Saudi government is a mix of commoners and the Royal family (the richest Royal family on the globe). They are unlikely to fall unless it's in the agenda of the US.
Their main trading partners are China India and the US... not happening anytime soon.
"The Saudis financial turmoil it's very real but I was also wondering, is it any worse than some Wester countries. Italy and Spain had to beg in EU for a financial relief measure,UK freestyling, US in tail spins and the list goes on."
You really don't get it, mate. If the government in Italy or Spain falls the people in charge retire on a nice government pension, and occasionally get paid stupid amounts of money to go make speeches to groups that like what they did.
If the Saudi government falls, they will be beheaded.
Can the Saudis outlast everyone else? Maybe. But they don't dare find out how long they can outlast others, because a miscalculation is too costly.
I do not foresee any kind of extended price war on the part of the Saudis with the current regime in place. Russia might play that game again but the Saudis won't want to play it at all and certainly not for long.
" One thing is for certain Saudi can sustain oil below 30 bucks for a while, but not for long whatsoever "
Nice post Stoodio.
In my view the part we should focus on it's not how long they can sustain below 30 a barrel but for how long everyone else can keep up.
I suspect that Trump made fresh agreements after the Saudi oil field proxy bombing in September. He used his leverage to bring them back to the discussion table few months ago and as much as I hate to admit it, he succeeded.
Terrorist groups? few hundred mil will keep everything under the carpet for now,defence budget spending after all.
The Saudis financial turmoil it's very real but I was also wondering, is it any worse than some Wester countries. Italy and Spain had to beg in EU for a financial relief measure,UK freestyling, US in tail spins and the list goes on.
Never posted on the BP forum before, but the mention of Saudi got me started. I live here in the middle east, and I can assure you, as Sgurr put it the Saudis are in utter financial and economic turmoil of late, and frankly have been for some time. Make no mistake, they're on edge for a number of reasons not just oil. There's ever louder dissent arising from all four corners of the land. Saudi is run via tribal blood ties, and any impact of subsidies from their own pockets as has begun to happen, is beginning to cause more than just a stir believe me. They simply won't tolerate it. I've swung in the political ramblings a little while out here and know enough to know they are utterly bricking themselves regarding their future security. The yanks have hung them out to dry, Iran continues to twist their melons and the discontent and disharmony coming from within their own ranks speaks volumes for the state they're in. One thing is for certain Saudi can sustain oil below 30 bucks for a while, but not for long whatsoever now believe me. And then there's the growing factions of discontent amongst the general populous and ISIS growing within...