How Saudi Arabia’s high-risk oil gambit could destroy OPEC while feeding the ISIL monster....
It is far from clear whether Saudi Arabia can continue to prop up allies in the region and bankroll Egypt, already bedevilled by Islamic State of Iraq and the Levant (ISIL) forces in the Sinai. ISIL is targeting Libya and Algeria, where the old regime is fraying and the oil and gas revenues fund the social welfare net.
....
Saudi Arabia itself is vulnerable. There have been five ISIL-linked terrorist acts on Saudi soil since May, including an attack near the oil installations in Abqaiq, where an aggrieved Shia minority sits on the Kingdom’s oil reserves.
The Daily Telegraph
http://business.financialpost.com/news/energy/how-saudia-arabias-high-risk-oil-gambit-could-destroy-opec-while-feeding-the-isil-monster
Owning shares or partnership units is not an endorsement of management to break the Sabbaths or to do any other unGodliness. I do not share in their sin or guilt and they mislead others on their own accord. I have no major stakes to influence any company.
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM