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Title: Saudi Arabia's 'reformer' King Abdullah dies
Source: [None]
URL Source: http://www.4029tv.com/national/saud ... er-king-abdullah-dies/30869646
Published: Jan 22, 2015
Author: Staff
Post Date: 2015-01-22 19:35:30 by out damned spot
Keywords: Saudi Arabis, King, Abdullah
Views: 1868
Comments: 9

The next king will be Prince Salman bin Abdulaziz, state television reports

(CNN) —Saudi Arabia's King Abdullah bin Abdulaziz al Saud has died, according to an announcement on Saudi state TV. He was 90.

The next king will be Prince Salman bin Abdulaziz, state television reported early Friday.

The announcement of his death comes several weeks after the state-run Saudi Press Agency said Abdullah was suffering from pneumonia and had been admitted to the hospital.

State television showed throngs of mourners gathered in Mecca.

King Abdullah became king of the oil-rich nation, a key U.S. ally in the Middle East, in August 2005. But he'd been running Saudi Arabia since 1996, following his half-brother King Fahd's stroke.

In the context of the kingdom's conservative circles, Abdullah was seen as reformer and often came up against the more hard-line clerics.

Since ascending to the throne, Abdullah took steps toward broader freedoms and invested some of the country's vast oil wealth in large-scale education and infrastructure projects.

However, resistance from conservative factions hindered some of his efforts, leaving many women in particular disappointed by a lack of progress toward greater independence.

Under Abdullah's leadership, the country slowly squashed al Qaeda, capturing or killing its leaders in the kingdom, forcing the remnants underground and sidelining radical preachers.

It also took a more prominent role in international affairs.

Last year, it became the lead Arab nation in a U.S.-led coalition to eradicate the ultra-radical ISIS group in Iraq and Syria.

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Begin Trace Mode for Comment # 7.

#5. To: out damned spot, *Arab Spring Jihad* (#0)

King Abdullah's successor, half-brother Deputy Prime Minister Salman bin Abdul Aziz, became king immediately after his death, state television reported.

...
Salman is aged in his 80s and is widely thought to be in bad health. Prince Muqrin bin Abdul Aziz, who is also King Abdullah's half-brother and is a former head of Saudi intelligence, was named crown prince.

www.nbcnews.com/news/world/sa...ounces-n291766

Cheap gas is probably over. Will the oil fields burn while a power struggle war rages? Very much a possibility.

Mecca is up for grabs. We'll be running on Canadian tar sands from the Keystone Pipeline and shale oil. If we're lucky.

Hondo68  posted on  2015-01-22   21:21:24 ET  Reply   Untrace   Trace   Private Reply  


#6. To: hondo68 (#5)

Cheap gas is probably over. Will the oil fields burn while a power struggle war rages? Very much a possibility.

If crude oil futures are any indication I don't think so. The NYMEX Dec. 2015 close today was $54.29/bbl, Dec. 2016 was $59.07/bbl. The King has been old and ill for quite a while making for an orderly succession a good bet. But anything can happen.

SOSO  posted on  2015-01-22   21:47:27 ET  Reply   Untrace   Trace   Private Reply  


#7. To: SOSO (#6)

Crude Oil Climbs After Saudi King Dies; BP Refinery Unit Shut

www.bloomberg.com/apps/ne...sarchive&sid=a0Gd7XgnhrCQ

The above is from 2005.

Hondo68  posted on  2015-01-22   22:11:54 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 7.

#8. To: hondo68 (#7)

Less than a 2% rise. Hardly anything to worry about or a reason to dclare that "cheap" oil is over. But this is the ME and I wouldn't bet on anything other than continuing uncertainty moving toward chaos.

SOSO  posted on  2015-01-22 22:42:18 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 7.

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