Iran, OPEC, Saudi Arabia, and the State of Mideast Oil

The transcript discusses the significance of Iranian nuclear talks and their impact on US-Iran relations, focusing on sanctions relief and potential deals. It explores the implications of Iranian oil re-entering the market on OPEC and global oil prices, highlighting Saudi Arabia's economic concerns and defense spending. The discussion extends to oil market dynamics, including the role of Libya and corporate strategies like mergers in the oil industry. The potential political influence on projects like Keystone is also examined.

What is the significance of the potential arms race in the Middle East if Iran develops its nuclear capabilities?

How does King Abdullah's concern for his population influence Saudi spending?

What long-term problems does Saudi Arabia face in the context of the Arab Spring?