The Beginning of the End for House Saud

Between the crash in the price of oil and the Kingdom’s flailing war with the neighboring Houthis, the Saudi’s fortunes have taken a precipitous turn for the worse. Both crises have been handled with the impressive ineptitude, long trademarked by the House of Saud. Their scheme to bankrupt their geopolitical and economic rivals, Russia and the U.S. fracking industry respectively, via flooding the oil market with cheap crude, has backfired gloriously. The war in Yemen has likewise become an unmitigated disaster, an enormous economic drain on…