Originally posted on Jihad Watch.
Saudi spokesmen made three significant – even stunning –announcements last week. The first one came from the Saudi Arabian Oil Minister Ali al-Naimi, speaking to oil company executives at a meeting in Houston. He announced that Saudi Arabia was going to break completely with its past policy, would no longer be OPEC’s swing producer, and would refuse to participate in coordinated production cuts by both OPEC and non-OPEC producers, as it had so dutifully in the past in order to keep the price of oil at an agreed-upon level. From now on, Al-Naimi made clear, the Saudis would conduct their oil policy strictly with their own bank balance in mind: “Inefficient, uneconomic producers will have to get out. ......The second stunning announcement was that Saudi Arabia has just declared Lebanon off-limits to its own citizens. For decades Beirut was one of the main playgrounds for the Saudis and other Gulf Arabs; this travel ban will be devastating to the Lebanese economy......The third Saudi announcement, that they were ending the $3 billion in military aid that they had been giving to Lebanon annually.....
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