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Potentially very big news from the Kingdom of Saudi Arabia. Mods, I understand that this is off topic but it has possible long term implications especialy on the price of oil. The Crown Prince has resigned and the Deputy Crown Prince has taken his place. http://www.arabnews.com/featured/news/739466 Custodian of the Two Holy Mosques King Salman has named Mohammed bin Salman as new Crown Prince, in a Royal Decree on Wednesday. Prince Mohammed bin Naif is the minister of interior and was the deputy Crown Prince. The current Defense Minister Mohammed bin Salman has been name the new Deputy Crown Prince. Long serving Foreign Minister Saud Al-Faisal has also been replaced. So to put some context on this, the departing Crown Prince was the last of the sons of the original King Abdul Aziz. All through the Kingdoms history the line of succession has always been to a son of the original King. This means now that the next king will be a grandson of the original...which is a big change. The new Crown Prince is Mohammed Bin Naif and he is the full nephew of the current King, the previous one was not. The new Deputy Crown Prince is Mohammad bin Salman...the current Kings son and was previously the Minister for Defence. He is only 30 years old. Also see from the link that Foreign Minister Saud Al-Faisal has also been replaced. He is a son of King Faisal who negotiated the Petro Dollar with Kissinger. The current King, King Fahd, Crown Prince Sultan and Crown Prince Naif were all full brothers (Sidairi seven). So King Salman (or those around him) is securing the line of succession to his more immediate family, to the exclusion of the the rest of the house of Saud. King Salman is old and suffering from dementia and suffers partial paralysis due to a stroke. When he dies or becomes incapacitated, the Kingdom enters a new era. Timing is everything! Cue the GoT theme.
I was doing some quick research into Solar energy and other types of non-fossil fuel energy. I believe as of 2014 atleast 5% of US energy is provided by Solar, though no hard figure I can provide. At this rate, it would cross >25% before 2018 !! (Though no one is publicly stating it) Also I read an article which says, last 2 years solar power is expanding exponentially. Many cities/states have installed more solar power this year/last year than previous 30 years combined !! My argument is , how long Middle East money rules? Will the dip in oil prices be permanent? Would like to collect some data/articles related to non-fossil fuel energy (like the Gold Thread) !! Cheers.