Saudi Arabia’s bear hug
Two representatives of a world order that had its best days in the past. Gone are the days when resource exporting countries could strike it rich and pose as economic wonder machines when all they did was selling what was in their ground for decades. Their economies are on the ropes, their business models broken and shale has put a poison dart into their very structure. Its poison runs its course slowly, but its already far beyond the point of an easy antidote. The developed world and most of all North America will emerge from the mess they are in far stronger than ever before. Their structure forces them to reform their systems. While the old world meets, backslaps and rots.
