Saudi Arabia is a beheading paradise. But this PR nightmare is the least of all problems in an oil crisis. Once again, the heart of the matter is – what else – black gold. So far, the House of Saud’s whole energy strategy has boiled down to shaving off its oil production no matter what it takes, even issuing bonds to cover its massive deficits.
Now the strategy has been moved one step ahead via a flagrant provocation: the execution of Shiite cleric Nimr al-Nimr.
The House of Saud believes that by stoking the flames of a Riyadh-Tehran confrontation it may raise the fear factor in the oil supply sphere, leading to higher oil prices (which it needs), while maintaining the Holy Wahhabi Grail of keeping imminent Iranian oil off the market.