Quote Originally Posted by kbird View Post
The thing I wonder about related to this attack is the original oil for dollar deal the United States made with SA after the United States left the gold standard. Wasn't the Kissinger arrangement that SA sells its oil in dollars and, in return, the United States provides SA with weapons and military protection? Does this attack mean that the United States failed in its attempt to protect SA, or, alternatively, does this mean that the United States has already walked away from being SA's protector? In either case, doesn't that mean the de-facto end of the petro-dollar era?

Put more simply, after this attack, what reason does SA have to continue selling its oil in dollars? Relatedly, how soon will China become its new protector?
The US military presence in Saudi Arabia has been extremely limited since the 1996 Khobar Towers attack in Saudi Arabia.

Since that time, most US military personnel in the region have been operational deployed or based(permanently or repeatedly/temporarily) on the periphery of Saudi Arabia in places like Kuwait, Bahrain, UAE, Oman, Djibouti, and Yemen.

It has only been in recent months that US military personnel have returned to Saudi Arabia, limited to just 1 or more remote air bases and consisting of combat aircraft squadrons, air defence units, and their direct support. Numbers are approx 500.

However, there are very large numbers of ex-military personnel who live in Saudi expat compounds responsible for managing the many insanely overpriced contracts between US defence contractors and Saudi royal family.

The Royal family get their 20% cut and the US gets tens of thousands of very well paying manufacturing jobs in the US and service/support jobs in Saudi.

Petro dollar recycling via overpriced defence contracts has been going at full throttle since the late 70’s early 80’s.

The UK plays 2nd fiddle to the US in this, but it’s still quite substantial, so much so that an official investigation into corruption around the multi-decade 40+ billion pound Al-Yamamah UK/Saudi Weapons deal was discontinued out of public interest in 2006.

Too many petro-recycling jobs at risk...so it got spiked to protect not just them, but especially everyone else feeding at, or benefitting from, the money trough.

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But the idea that the Houthi did this unilaterally without external state support(Iran) is absolutely and completely laughable.