This post was edited by macanese at 2013-10-27 00:06
THE ROVING EYE Will the House of Saud pivot to China?
By Pepe Escobar
The favorite geopolitical sport du jour is to deconstruct the reasons why the House of Saud - that marriage of hyper-absolute monarchy and Wahhabi fanatics - has gone completely bonkers, with the ineffable Bandar Bush in the frontline.
Very interesting article. If the Saudis did shift to China and back the petroyuan, would China then be expected to provide direct and indirect military support? Historically, China has not engaged in military action far from its borders.
For example, following the Iraqi invasion of Kuwait, there was a lot of fear that the Iraqis would keep going and capture Saudi oilfields as well. The US was very willing to put a significant military presence there as a deterrent in the lead up to the battle for Kuwait. In a scenario like this, would China be willing to do the same?
Col Post time: 2013-10-27 05:57
Very interesting article. If the Saudis did shift to China and back the petroyuan, would China then ...
China does not need the support of the Saudis. China has some very strong oil rich friends, such as Russia, Venezuela, Iran and Brazil who have a total reserve of over 500 billion barrels !
macanese Post time: 2013-10-27 07:02
China does not need the support of the Saudis. China has some very strong oil rich friends, such a ...
Fair enough, but Saudi Arabia alone has the second highest proven oil reserves and is the second largest producer in the world. Even if China doesn't need a closer relationship with the Saudis, they could probably benefit from one.
The Saud Dynasty will turn to anyone as they realize America and Europe are going to end their old-fashioned rule - mainly by culture. But they can't avoid progress in the longer run.
Post time 2013-10-27 00:03:41
Jack
