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Saudis get windfall profits from Israeli-Iran quarrel

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.

Oil drilling in Saudi Arabia

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Comments

Ever since ARAMCO handed control of the oil-fields over to the Saud clan the West has been financing it’s own demise.

mindRider TheFreeWorld 14 January 2012

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Past coverage: Saudi Arabia
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10.10 Well-armed Shiite lambs
22.08 Turkey is no Egypt