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Saudi Position

March 4, 2011

So the Saudis have a few protests of their own, but an interesting article from bloomberg points out that the Saudis must involve themselves with Bahrain’s issues in order to keep Iran at bay.

“Saudi Arabia is concerned about the expansion of the Shiite crescent,” said Theodore Karasik, director of research at the Dubai-based Institute for Near East and Gulf Military Analysis. “The last thing Riyadh would want to see is Shiite rule inBahrain. At the end of the day, Saudi Arabia would intervene militarily.”

I think at this point Libya is priced into the market, and the market is anticipating escalating issues in the middle east. China & Russia have both been very quiet through all of this, and I am willing to bet they strike at the right time (diplomatically).

I also want to mention the pointlessness of Chavez peace talks. It was presented as some type of diversion…I am just not sure what yet.

Finally – Iran and India broke a payment deadlock for oil Iran has supplied. I cant find any note as to what currency the payment was made in…but im keeping my eye open.

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