Oil Investing News reports the unexpected wave of popular uprisings that have swept over the Middle East and North Africa (MENA) has shocked the rest of the world.
The editorial is quoted as saying:
The Saudi’s gave away $37 billion to the people as an appeasement, but money can only go so far when a nation wants freedom. Many in the political community have been waiting for an uprising in Saudi Arabia for quite some time. If these countries see any large scale protests the price of oil may go higher and higher still.