For those interested in economics and oil politics generally or Saudi Arabia specifically, I’m passing along a fantastic review of the Kingdom’s position and prospects for the future. Titled “All hands to the pump on policy,” this special report from The Gulf (a business publication focusing on the GCC) provides a comprehensive and compelling assessment of Saudi Arabia’s oil industry. Special attention is paid to the issues that policymakers must wrestle with in order to preserve Riyadh’s preeminence in the market and the country’s economic viability. I thought about quoting it extensively here but you should just read it.
In short: the past decade was very good to Riyadh–but the coming years offer leaders no choice but to adapt to new market fundamentals, address domestic subsidies, and manage OPEC’s shifting politics.