Saudi Arabia has increased its oil output to a record 10 million bpd, which would bring the oil kingdom some $300 billion per year. While the output can increase only modestly, oil prices would skyrocket in the event of an armed conflict with Iran, and the Saudis might pocket half a trillion dollars this year.
And the West, which protects the Saudis against Iran, will tolerate that racket.
Ever since ARAMCO handed control of the oil-fields over to the Saud clan the West has been financing it’s own demise.