Arabia: King Salman's brother and Nephew arrested.

[Old_Observer]

https://www.middleeasteye.net/news/saudi-arabia-detains-three-members-saudi-royal-family


https://www.almasdarnews.com/article/two-senior-members-of-saudi-royal-family-detained-reports/

[Che -Guevara]

It is like he's asking to be deposed.

[thoroughbred]

the Kingdom of Saudi Arabia and its salafi scholars have always been against extremist groups .

Nonsense refuted

 

[Old_Observer]

I am starting to believe the song:

What goes up must come down. But what is down is not a must to go up, sometimes goes down further and never come up.


History is a something.

The Persians/Iran can come up, they have past where they were great empire
The Ottomans/Turks can come up they have past where they great empire

The Yemenis can survive since they always have done so
The Afghanis can survive since they always have done so. Both have confidence that empires will come and go.

Arabs do not have either. Never been great empire and never been great resistance. Always mixed bag.

[Holac]

It is very interesting that he does this under the radar of Coronavirus scare dominating media news cycle.  He knows how to take advantage of distractions. 

[maakhiri1]

Hajj calculation may have been excuse

[maakhiri1]

King Salman is dead,  This iS whole issue 

[Old_Observer]

3 hours ago, maakhiri1 said:

King Salman is dead,  This iS whole issue 

So you agree with Iran analysts.

The fight with Russians over oil prices and volume has also reached its feverish level.

The world will see now who is smarter and who can take pain. USA and Russia.

Russia has said: Pump as much as you want and sell at any price as you want to everybody.

Below 40 Dollars a barrel American shale oil collapses and bankrupts, but then again with consumption expected to go really low, America can take the pain.

Saudis are caught in the middle and America is telling them to keep oil above 40. What to do?

Here is also another analysis which is truly remarkable. Its UAE that is dragging and killing Saudis. This makes a lot of sense. Al Sissi is shaking in his American-Israeli boots.

 

https://www.middleeasteye.net/opinion/will-mbs-bring-end-saudi-dynasty

 

 

Trump and the boy king: Mohammed bin Salman's reign is over before it even began

 

There has probably been no other day on which its enormous wealth seemed so utterly useless. Now, US President Donald Trump, publicly acting more as a contractor than as a leader of a superpower, is telling his Saudi friends and allies - as he has on several previous occasions - that they must pay generously if they expect him to step in and defend them. 

[Old_Observer]

EXCLUSIVE: Saudi crown prince plans to become king before November G20 Summit

Mohammed bin Salman launched purge against his uncle and others to clear path to becoming king ahead of gathering in Riyadh

 

 

EXCLUSIVE: Saudi crown prince plans to become king before November G20 Summit

WWW.MIDDLEEASTEYE.NET

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Mohammed bin Salman launched purge against his uncle and others to clear path to becoming king ahead of gathering in Riyadh

 

 

 

"Crown Prince Mohammed bin Salman “arrested top Saudi royals for plotting with the Americans against the King”, a chill swept across the leadership in Saudi Arabia when security forces detained dozens of Interior Ministry officials, senior army officers and others suspected of supporting this coup attempt—and while rounding up these coup plotters, Crown Prince bin Salman turned his full wrath on the United States in what is being described as “the oil market equivalent of a declaration of war”—an all-out oil war that now sees Crown Prince bin Salman destroying OPEC as he floods the world with oil to crush US shale oil producers—the same US shale oil producers who were previously warned “need a miracle” if they have any hope of surviving the market bloodbath about to wash over them."

 

Saudi Arabia Starts All-Out Oil War: MbS Destroys OPEC By Flooding Market, Slashing Oil Prices

WWW.ZEROHEDGE.COM

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There will be blood.

 

[Tillamook]

On 3/8/2020 at 1:49 AM, Old_Observer said:

The fight with Russians over oil prices and volume has also reached its feverish level.

 The world will see now who is smarter and who can take pain. USA and Russia.

Russia has said: Pump as much as you want and sell at any price as you want to everybody.

Below 40 Dollars a barrel American shale oil collapses and bankrupts, but then again with consumption expected to go really low, America can take the pain.

 Saudis are caught in the middle and America is telling them to keep oil above 40. What to do?

The Russians and Arabs maybe hurting from low oils prices, but not the U.S.A

You clearly underestimate the Shale revolution that has taken place and which has enabled America to become fully independent from foreign oil.
 

Fracking technology has effectively enabled the U.S to  put a ceiling on oil prices. Never again will you see $100 per barrel.The Russians and  Arabs can fight it out all they like—in fact, oil futures prices just hit $30 per barrel, which is $20 less than production cost for most Frackers, but that will not do much damage to the U.S economy.  After all, the U.S, in aggregate, is both a producer and big consumer of oil. So low oil prices is good for the U.S economy, however much it might temporarily have a negative effect on some of its producers. 

Most fracking companies like those found in the Permian basin of Texas will simply file bankruptcy protection and will live to fight another day. They will wait it out until oil prices come backup slightly and they will be back in business in no time, putting the ceiling back up. Something OPEC and Russia cannot stand.

[Old_Observer]

You may be right.
But the US either has to subsidize
Stop banks from calling the loans to oil companies as they did for farmers at certain level
Or wait it out and see who survives from their companies

Saudi Arabia needs 80 dollar per barrel to balance its budget. It does not matter that Saudi has lowest cost of production. The critical thing is how much money is coming to the tilly.

Russia needs 40 dollar per barrel to balance its budget
They have 3 years worth of rainy day fund at 20 dollars a barrel
They have infrastructure so cost of transportation to all their customers is lowest. That is how it worked for them, what they loose in cost of production they gain in transportation.

If consumption goes to zero, US companies loose, because they have so much debt to investors/banks.

That is why already Trump said he will buy the oil and fill all reserve to the rim, so that US companies do not go bankrupt already.

Remains to be seen.

There is hope already. China seems to have seen light already. They are already shipping materials and personnel to Iran. If that is the case, then oil may be lower demand, but still enough for Saudis and Russians.

[Old_Observer]

The arrest is more than 200. Including high security, defense and other government officials.

This may be final round of elimination of possible competitors.

 

 

[Old_Observer]

Oodweyne,

Things are not looking good for the Prince. He chose "better be feared than loved", but

1. In Israel Bibi's chances are narrowing, Gantz has been asked to form government ahead/before Netanyahoo. To add insult to injury the deciding group/party is the Arab joint list.
2. In America Trump's chances are also shakey already. DOW what Trump kept bragging every campaign lost 3,000 just today and Trump people are already going DOW who?
3. Erdogan and Qatar who survived the assault are recovering at wrong time for the Prince.