netnet Posted January 22, 2015 Share Posted January 22, 2015 According to BBC, King Abdullah died today, quoting Saudi state tv. Not to be a ghoul here, but I wonder what is going to happen in the oil market. Link to comment Share on other sites More sharing options...
CorpRaider Posted January 23, 2015 Share Posted January 23, 2015 I saw that. Who knows? It wasn't unexpected. An open proxy war in Syria and Iraq, final countdown on Iran nuke deal and Shia rebels on the verge of taking over Yemen hasn't done much. Link to comment Share on other sites More sharing options...
Partner24 Posted January 23, 2015 Share Posted January 23, 2015 Suffice it to say that I'm not sad about it. Link to comment Share on other sites More sharing options...
Partner24 Posted January 23, 2015 Share Posted January 23, 2015 Oh well, then I guess that I'm really lucky to live in a Canadian democraty. May he find his "God" and face the values he did put into pratice in his late life. Link to comment Share on other sites More sharing options...
rukawa Posted January 23, 2015 Share Posted January 23, 2015 Oh well, then I guess that I'm really lucky to live in a Canadian democraty. May he find his "God" and face the values he did put into pratice in his late life. I prefer the existing Saudi regime to most alternatives that I can think of. Link to comment Share on other sites More sharing options...
netnet Posted January 23, 2015 Author Share Posted January 23, 2015 This guy is the new king https://en.wikipedia.org/wiki/Salman_of_Saudi_Arabia. Unfortunately he is nearly 80 and is in a state of bad health (stroke victim, nerve damage). There are rumors (unconfirmed but its likely true given what knowledgable people are saying) that he has Dementia and Alzheimers. Once this guy dies (that'll happen within ten years probably) then we might have an issue (the guy after him Prince Muqrin is considered illegitimate by at least some portions of the Royal family since his mother was Yemeni) in either case If I were a betting person I would think the Muqrin is really pulling the strings here and Salman is mostly a figurehead. Muqrin is former Saudi Mukhabarat and was promoted to Deputy Crown Prince by Abdullah. He likely has a lot of power within the government. Most of Abdullah's brothers are going to die off within the next ten to 15 years when Muqrin dies is when the real Saudi succession crisis will arrive. As far as oil goes who knows, I don't think Saudi's OPEC and foreign policy is going to change drastically until we get to a new generation of rulers. Yeah, when the new generation (Abdul Aziz ibn Saud's grandsons) arrive, that could cause real chaos. One of the grandsons could spend 2 billion to reach the throne and then instantly have over 500 billion at his disposal. One kind of stunning factoid. The "new" ruler of Saudi Arabia is the son of a guy (ibn Saud) born in 1876; let's see, Victoria is still "Empress of India" and will be for another 25 years, the Franco-Prussian war ended 5 years earlier and the USA was 100 years old and (you Northerners help me out with some Canadian relevant history here.) Vancouver had just been colonized. Link to comment Share on other sites More sharing options...
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