Philip Geraldi Attacks on two Saudi Arabian oil facilities on Saturday reportedly reduced the production of Aramco, the state oil company, by one half. It was a devastating demonstration of just how vulnerable the Kingdom’s oil economy actually is. Initial reports suggested that the damage had been caused by explosive drones launched by the Houthi rebels in Yemen, who claimed responsibility, but there has been considerable skepticism regarding whether the drones available to the Houthi could actually have carried out the attack. Inevitably, the United States and the Saudis are…
