http://www.planbeconomics.com/2014/09/isis-ambition-may-kill-petrodollar-hegemony/
ISIS is a terrorist group with a solid business plan. They have
already taken over oil fields in Northern Iraq so the group is now
self-funding. They did that on purpose. According to some, ISIS’s
ultimate goal is to take over the oil fields in Saudi Arabia taking back
the holy land from a Kingdom they feel sold out to the US. Some
analysts believe that when/if ISIS makes a move on Saudi Arabia, they
would have tons of support from people throughout the middle east (even
greater than the outpouring of support for their battles in Syria and
Iraq) who share their views that Saudi Arabia needs to return to a
credible, independent Islamic State.
I think if ISIS is allowed to go as far as contemplating an invasion
into Saudi Arabia, it will be disastrous for the rest of us. My guess is
that oil prices would skyrocket, sending the US into a recession again.
This is probably the best of the worst case scenarios.
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