Front-runner Republican US presidential candidate Donald Trump says Saudi Arabia will not exist without the American support.
In an interview with NBC News on Sunday, Trump said Saudis are making a billion dollars a day because of the US assistance and called on Riyadh to share its vast wealth with Washington in exchange for the American favors.
Saudi Arabia, if it werent for us, they wouldnt be here, Trump said. They wouldnt exist.
They should pay us, he added. Like it or dont like it, people have backed Saudi Arabia. What I really mind though is we back it at tremendous expense. We get nothing for it.
Trump suggested that the United States should consider ditching Riyadh because Washington is increasingly getting less dependent on the Saudi Arabian oil.
The primary reason we are with Saudi Arabia is because we need the oil, he said. Now, we dont need the oil so much.
And, if we let our people really go, we wouldnt need the oil at all, Trump said of US energy industry. And we could let everybody else fight it out.
Look, Saudi Arabia is going to be in big trouble pretty soon, the business predicted. And theyre going to need help.
The booming US shale oil industry came under threat after Saudi Arabia convinced fellow members from the Organization of Petroleum Exporting Countries (OPEC) to maintain current oil output, plunging crude oil prices to four-year low in an oversupplied market.
The high-cost of producing and extracting liquid oil from shale oil deposits has become uneconomic following a sharp drop in oil prices after OPECs decision not to cut oil production, according to experts.
It seems Trump wants the US government to demand Riyadh cut its oil production in order to push oil prices go up again. This process would ease the way for the American energy industry to extract liquid oil from shale oil deposits, but would also make Saudi Arabia almost irrelevant to the United States.
Be Part of Quality Journalism
Quality journalism takes a lot of time, money and hard work to produce and despite all the hardships we still do it. Our reporters and editors are working overtime in Kashmir and beyond to cover what you care about, break big stories, and expose injustices that can change lives. Today more people are reading Kashmir Observer than ever, but only a handful are paying while advertising revenues are falling fast.