In order to understand where jihadism really comes from it’s necessary to first understand the relationship that the Sauds, the royal family of Saudi Arabia, have with their clergy, the Wahhabist Islamic preachers and which was subsequently combined with the oil-for-weapons trade and an alliance with the United States. That’s what laid the ground for today’s jihadism.
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Around the world, mainly driven by growth in developing countries like India and China, countries are using more oil. While Saudi Arabia's limited reserves will hurt its ability to rise to the challenge, other countries like Canada and Venezuela will rise to the challenge. As these countries grow to focus on meeting the demand more, Saudi Arabia's market share will shrink as will its power. Here's why.
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We now believe that there is at least a 50% probability of Israeli airstrikes against Iranian nuclear sites... Iran has multiple retaliatory options at its disposal...[and it begs the question:] Which options would most adversely affect the price of oil? [Let's take a look at what those options would be.] Words: 544
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