General Discussion
In reply to the discussion: Charles Pierce: Why Do We Keep Learning New Secrets About 9/11? [View all]JDPriestly
(57,936 posts)princes since the 1970s?
What kinds of agreements if any have been made to help the Saudis maintain the value of their investments around the world, their wealth considering the reality of their ever dwindling natural resource, oil?
I realize that they still claim to have lots of oil. But I also recall from my time working in the oil sector in a small job during the early 1970s, that they were very concerned about what would happen to them when their oil, an exhaustible resource, ran out.
I wonder what assurances or agreements were entered into with the Saudis in order to get them to sell their oil at affordable prices.
I've always wondered what the story is on this. This was a major issue in the news at a certain time in history. Something happened, some agreement or something that caused it to disappear. If anyone knows, please say something.
It was quite a reasonable concern on the part of the Saudi government. This was back in the day of Sheik Yamani and the early days of OPEC activism. Does anyone else remember this?
Is it a figment of my imagination?