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.
Nobody has any idea how history is going to go. But it’s fun to try to predict it. I have a hunch that this AUKUS agreement, deepening military ties between Australia, the UK and the US, is really bad news. But even if it is absolutely the right thing to do, it is a lot more significant than the amount of attention it is getting. It was momentarily a big topic of discussion among geopolitics nerds like myself, but quickly faded. This is weird, because even if everything I said in this video turns out to be wrong, AUKUS is definitely a bigger deal than the withdrawal from Afghanistan we spent weeks agonizing about. An Asian NATO is now a concrete reality, and we know a lot more about what the next few decades will look like in Asia than we did two weeks ago. It’s a big deal. Here’s my very pessimistic take on what it all means.