Sometimes video scripts come easy. 6 years ago I predicted that Saudi Arabia as we know it would be done by 2030. Today I double down on that by addressing the most common objection to the idea I have gotten by far. A week or so back someone tweeted at me that Saudi Arabia was safe because people will always need oil. Within five hours of receiving that tweet I had this script written and ready to go. The world doesn’t have to give up on oil to end the Saudi royal family. We just have to use like 5-10% less of it. In today’s video I describe this simple, under acknowledged economic point, with graphs and the results of a real world experiment that Covid was generous enough to hand us in 2020.
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Video Transcript after the jump…