Get lost. We need the Saudis not this crap And don’t pretend this isn’t to help the Iranians!
“We need the Saudis”
Why?
We did once depend on their oil. But thanks to Trump we are now a net oil producer and no longer need to depend on tyrants who hate us.
The Saudis are gone. Squarely aligned with Russia and China.
So is the petrodollar, which we used to prop up Bretton Woods falling.
“Today we are witnessing a strategic rupture in relations between the United States and Saudi Arabia, which is due to several major factors, among which are a very significant reduction in America’s imports of crude oil, of which Arabia was the largest supplier; the end of American support for Saudi Arabia’s war against Yemen; and the intention of US President Joe Biden to save the nuclear agreement with the Shia mullahs of Iran, the sworn enemies of the Sunni Saudis.
This triple “betrayal” by the Americans was taken extremely hard by the Saudi Kingdom, which is particularly sensitive to issues of honor in bilateral relations. The strategic differences between the two countries reached a climax with the outbreak of the war in Ukraine, when the Saudi authorities were faced with an existential choice: to continue moving in the footsteps of the United States, or to join the camp of the main adversaries of the USA, which are China and Russia. The second option was chosen.
Unlike America, which has neglected the Saudis’ strategic interests, China has, on the contrary, increased its cooperation with Saudi Arabia. And this bilateral relationship is not limited to the fossil fuel sector, but is expanding significantly in infrastructure, trade and investment. Not only is major Chinese investment in Arabia steadily increasing and China is now buying up nearly a quarter of the Kingdom’s global oil exports, but the Kingdom’s Sovereign Wealth Fund is also planning to begin significant investments in Chinese companies in strategic sectors.
In parallel, in August 2021, a military cooperation agreement was signed between the Saudi Kingdom and the Russian Federation.
Like Russia, Saudi Arabia has taken the path of de-dollarization of trade, and investment with China.
The joint and synchronized actions of Russia, China and OPEC countries on the path of progressive de-dollarization gained momentum with the beginning of the conflict in Ukraine, which tore the masks off, and will have an almost inevitable avalanche effect against the global dominance of the U.S. financial system in the future, as central banks in many countries are invited to rethink the logic of reserve accumulation as well as the merits of investing in U.S. treasury bonds.”
https://www.thepostil.com/conflict-in-ukraine-genesis/