Michele Kearney's Snuffysmith's Blog Major Foreign Policy, Economics, Energy, and Irrelevancies of the Day
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Thursday, March 3, 2011
Bahrain’s strategic importance, graph du jour
Bahrain’s strategic importance, graph du jour Wondering why Saudi Arabia is so fussed about Bahrain? JBC Energy encapsulates the reason in one helpful chart: Most of Saudi Arabia’s chief producing fields are right around the corner. As the analysts noted on Wednesday (our emphasis): While stability in Libya is seemingly still far away, the market is now also eying countries like Iran, Iraq and Saudi Arabia more closely. With King Abdullah in the latter generously allocating financial aid, stability in OPEC’s largest oil exporter seems to be more bought than fundamentally established. It is true that the country has a high per capita GDP rate close …
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