Wipro Arabia is a joint venture company with Dar Al Riyadh, a well-diversified group in Saudi Arabia.
So, I think even in Saudi Arabia there is movement. And we have to remember that over the years they've stabilized the oil price and that is tremendously important for the economies of the world. I think we have no choice but to work with the government of Saudi Arabia.
But the key thing is that Iraq, while it's got very large oil reserves, has marginalized itself as an oil exporter and these days its exports are only about one tenth that of neighboring Saudi Arabia.
Saudi Arabia is, of course, the keystone of OPEC. Saudi Arabia has had the distinction of remaining stable through all the escalating tumult of recent decades, reliably pumping out its roughly 10 million barrels a day like Bossy the cow in America's oil import barn.
The big risk in Saudi Arabia is that Ghawar's rate of decline increases to an alarming point. That will set bells ringing all over the oil world because Ghawar underpins Saudi output and Saudi undergirds worldwide production.
Americans want to democratise us. OK, but why not go and democratise Saudi Arabia. Are we anything like Saudi Arabia? No, we are far from that. So why aren't they democratising Saudi Arabia? Because they are bastards, but they are their bastards.
Traditionally, all the kings of Saudi Arabia have been sons of the founder of Saudi Arabia, and they've gone from one son to the next.
We have accomplished our mission of stopping Iraq's drive to take over Saudi Arabia and the rest of the Middle East. We should begin to reduce our forces in Saudi Arabia, ever so slowly, and look to a more multinational force to keep the peace.
Saudi Arabian oil production is at or very near its peak sustainable volume (if it did not, in fact peak almost 25 years ago), and is likely to go into decline in the very foreseeable future. There is only a small probability that Saudi Arabia will ever deliver the quantities of petroleum that are assigned to it in all the major forecasts of world oil production and consumption.
Japan, Germany, South Korea, these are very rich, powerful countries. Saudi Arabia, nothing but money. We Americans protect Saudi Arabia. Why aren't they paying?
We have developed a case of oil addiction in Saudi Arabia.
Oil is a special case. Saudi Arabia is trying to drive U.S. fracking rivals out of business, while also hurting Russia. This lowers gas prices for U.S. and Eurozone consumers, but not by enough to spur economic recovery.
Who on earth do the Americans suppose their allies are amongst the Arab world? Even Saudi Arabia they seem to regard as nothing more than a resevoir of oil and money.
The U.S. economy will tank if either China withdraws its money from the U.S. Banks, or Saudi Arabia stops depositing its oil money in U.S. bonds, or even if the oil trade goes off the dollar.
The United States is the biggest spender of oil and of all the planet resources. Oil is a very valuable resource for life - electric heaters. We must have to transition ourselves to a post-oil era.
Saudi Arabia has supported Wahhabi madrasas in poor countries in Africa and Asia, exporting extremism and intolerance. Saudi Arabia also exports instability with its brutal war in Yemen, intended to check what it sees as Iranian influence.