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A New Saudi Arabia Is Suddenly in a Hurry in Era of Cheap Oil

From bloomberg.com

Saudi Arabia, one of the most tradition-bound societies on the planet, where family structure and tribal patriarchy differ little from a century ago, is suddenly in a hurry. It has done more in the past week than in most years. Over eight days, it has executed dozens of militants, severed ties with Iran and announced numerous steps for a radical rollback of the state that may include privatizing oil giant Saudi Aramco, among the world’s largest companies. The flurry of action, a result of tumbling oil prices, shifting U.S. interests and regional upheaval threatening rulers across the Middle East, appears to be the ... (full story)

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