The Phaserl


New King In Saudi Arabia But Same Old Oil Policy

from Oil Price:

The death of Saudi Arabia’s King Abdullah made international headlines on January 22, raising questions about the future of the Middle East. News of his death briefly rattled the oil markets, but the media attention paid to the event outstrips the significance: it is business as usual in the Arabian Peninsula.

The outpouring of praise for King Abduallah was bizarre. The Washington Post labeled him a “reformer,” and The New York Times said he was a “force of moderation.” U.S. Secretary of State John Kerry took to Twitter to pay his respects. “King Abdullah was a man of wisdom & vision. US has lost a friend & Kingdom of #SaudiArabia, Middle East, and world has lost a revered leader,” he tweeted.

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