Dick Morris has a new column out about what will happen, when, not if, the Saudi monarchy is deposed, and how the Republicans need to ratchet up their rhetoric about new drilling for oil ASAP.
By DICK MORRIS & EILEEN MCGANN
Published on DickMorris.com on March 9, 2011
We can do without Libya’s two million barrels a day of oil albeit with significant disruptions in the global economy. But if we lose Saudi Arabia’s nine million, we will face a global catastrophe.
And the Saudi monarchy will be the next casualty of the Middle East revolutionary wave. The king is 86 years old and very ill. The next two men in line are both over 80 and both sick. And, behind those three in line are 7,000 princes, each ambitious and at war with one another. The monarchy will not be able to buy off the opposition for long with cash subsidies. (We are indebted to Bret Stephens of the Wall Street Journal for these insights).
The fall of Saudi Arabia will accelerate the stagflation that will mar the final two years of the one-term Obama Presidency.
Republicans need to ratchet up their rhetoric about new drilling for oil. The 2008 liberal counter-argument that new drilling is not a short term solution begs the question of why the Administration has not used the intervening two years to effectuate the longer term solution that it offered.
Republicans need to be more vocal in criticizing the Administration for its defacto moratorium on off-shore drilling. Obama’s people are so sensitive to these criticisms that they just approved the first permit since the BP spill.
[…]
Rodan Update:
If Saudi Arabia collapses, Obama’s moratorium has put us in a tough spot. we are importing more and producing here less.
Nice going there Barack Hussein Obama.
Tags: Dick Morris, Leftists, obama, Sarah Palin
