Middle East
The Attack on Saudi Oil Production: Likely Consequences
Last Saturday, a missile and drone strike on Saudi Arabia took out about half the Kingdom’s daily production capacity — 5.7 million barrels per day (bpd), or about 5% of the global total. About a third of that lost capacity was restored rapidly, within 24 hours; on Tuesday, Reuters reported that Read more…
Energy
Saudi Arabia’s Bid for Transformation: Can It Work?
Saudi Arabia’s Bid for Transformation: Can It Work? Saudi Arabia has troubles. Our regular readers have heard us discuss them often, especially in the wake of the dramatic decline in the price of oil between mid-2014 and the beginning of 2016. Countries whose economy relies predominantly on oil and other Read more…
Europe
December 04, 2015
Sunnis, Shi’ites, and Surprises After almost five years of civil war, the conflict in Syria has spilled over to Europe in the form of an ongoing refugee crisis, and now through the terrorist attacks in Paris — which, according to Islamic State claims, came as retaliation for French airstrikes. Now, Read more…
