A weblog that catalogs what's shaping the thinking at the DSB Policy Institute.

Thursday, April 01, 2004

Note two stories on the front page of today's WSJ: one about Saudi pushing for the 4% cut in OPEC oil production and the other on how everyday Saudis are having to go to work in real jobs.

With the recent population explosion in the House of Saud, the oil dollars can no longer support the population in the manner to which they have become accustomed. Saudi's are now taking jobs from the legions of foreign workers that used to handle all of the dirty work in the country, unheard of five years ago. Simultaneously, we see Saudi pushing for OPEC production cuts -- in the face of tremendous Western pressure.

There is a correlation.

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