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GOOD LUCK SAUDIS

A Saudi prince is reported to have warned his nation that is needs to become less oil-dependent and diversify its economy.  The threat to stability comes from shale-rock fracking technology that increases supply and cuts global demand for Saudi oil exports.  This post is not a slap at the Saudis, however; but, is directed at all commodity dependent economies like Russia and Venezuela who likewise have become lazily reliant on oil revenues.  For in truth, fracking is just the tip of the iceberg in technology advances that eventually will revolutionize the world energy picture.

 GOOD LUCK SAUDIS
(To tune of, “Goodnight Sweetheart,” by Ray Noble, Jimmy Campbell and Reg Connelly)

Good luck Saudis
We don’t need your oil now
Good luck Saudis
Found more in our soil now
Shale rock fracking
Pulls oil from the shale
Brings pail after pail
The ‘Dear John’s” in the mail

Good luck Saudis
We’ve found rich formations
Good luck Saudis
We’ll supply more nations
Call us rude now
Spot prices drop for crude now
Good luck Saudis, to you

Lyric © 2013 by Robert S. Steinberg, Esquire
All rights reserved

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