Originally Posted by
Arcanum
If Saudi were no longer pumping oil, we'd lose about 12% of the worlds oil production capacity.
If Saudi, Kuwait, UAE, Iraq and Iran were no longer pumping oil then about 35% of the world's oil production capacity would disappear.
So we might have an interest as Brent crude would not be trading at ~$50/barrel!
And London would lose the Billions of £££ that the Gulf states use to buy up UK Govt and UK Media that then turns a blind eye to what they do.