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August 30, 2011       Share:    

Source: http://www.foreignpolicy.com/articles/2011/08/25/the_kingdom_of_magical_thinking?print=yes&hidecomments=yes&page=full

See also The Kingdom of Magical Thinking

(Foreign Policy) Robin M. Mills - Widely assumed to be a fabulously wealthy welfare state, Saudi Arabia is in fact an economic basket case waiting to happen. Growing efficiency, demographics, and alternatives mean that OECD oil demand is probably in a slow, long-term decline, while non-OPEC supply is proving more robust than expected.

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