https://www.nextbigfuture.com/2017/02/softbank-used-tech-singularity-as.html
As the Article above states Saudi Arabia is shifting away from oil and trying to move to crypto currencies, academia, and green energy. They are planning a utopian city that revolves around green energy, sustainability, and academia. A very interesting development in a country that makes all its money from oil.
The entire world has fracking now ( thanks to Hillary Clinton and her state department) and the world is in a glut. The US is now trying to export its oil to other developing countries for the first time in 40 years. This is an obvious foolish move, if you consider that one of the most oil rich countries on the planet can't sell their oil for more than $75 a barrel. As the article below shows, even Russia is concerned about volatile prices and is siding with OPEC to scale back production to try and manipulate the market value and drive the price up.
https://www.nytimes.com/interactive/2017/business/energy-environment/oil-prices.html
Here is why it won't work. China and India have declared to the world that they are moving away from the combustible engine and will only have electric or electric/hydrogen hybrids (basically nothing that emits pollutants in the future.
http://www.nasdaq.com/article/china-and-india-on-aggressive-electric-vehicle-push-cm789093
As stated in the Article above China and India account for a vast majority of future sales for the oil market as a whole for developing countries. So the news that they are shifting away completely to electric vehicles is devastating news for investors who have bet on the market. The entire Auto Industry is being turned on its head right now trying to turn out the next greatest electric vehicle. Auto makers are having to throw their hat into a market that is vastly expanding past the EU and the left wing in the United States.
https://www.theguardian.com/business/2017/jan/05/china-invest-renewable-fuel-2020-energy
http://www.businessinsider.com/chinese-yuan-has-become-a-reserve-currency-2015-11
https://www.nytimes.com/2017/05/13/business/china-railway-one-belt-one-road-1-trillion-plan.html
The above three articles show how China is dominating the world right now in green energy, (360 Billion) global infrastructure spending (1 Trillion), and making new friends in global trade. They have become a Global Reserve trading currency. If you have ever played the game Civilization by Sid Meiers you understand that there is more than one way to dominate the world and influence the direction the world is heading. Creating a greener, more developed, and prosperous world isn't just good for trade and PR, it's a full scale economic and cultural war for the controlling power of this planet.
https://sputniknews.com/business/201709281057762299-venezuela-dollar-freedom-oil-yuan/
The Article above shows another consequence for America as China's economic war rages on. Venezuela can now trade their oil in Chinese Yuan. Circumventing sanctions placed on them by the United States. This is huge shift is Geopolitics as US sanctions could before keep a country from trading with allied countries by placing its own sanctions on a country. But now Venezuela, Russia, China, North Korea, Iran, and Qatar can trade their resources to friendly markets using the Yuan. The implications are US has lost more power and control of the OPEC dollar and its valuation. As all of these countries enter the market unhindered by US opposition the glut will only grow and get worse and the US OPEC dollar will be worth less and less. As the US OPEC dollar loses it value on the world market eventually it will cease to be a world reserve currency. This will be the death of the Empire, not on some great battle field with bullets and bombs, we beat ourselves by not doing math. Our whole system is built on unlimited funding (fractional monetary system) based on a monetary system that is worth nothing but faith, while the Yuan is backed by gold, and we are about the pay for it. We should have invested the 6 Trillion we spent on stupid, failed, and misguided wars in the middle-east into infrastructure and global trade. Maybe then we would have more friends than enemies when we crash the global market again because we refuse to regulate banks, wall street, and the military industrial complex. The rest of the world is preparing for the shift away from the empire with a new world bank- https://www.rt.com/business/198928-china-world-bank-rival/
Its is getting serious out there folks and we need to try and understand our new place in the world. The United States has put itself in a very bad position, and soon the death rattle of the empire will be over and she will be dead. Yes, the United States will limp on, but the Empire and the support and respect it used to command will be gone. As a Airborne Infantryman who was deployed to both Iraq/Afghanistan I can't wait to see this machine brought down for the horrors we have inflicted upon the world. We deserve to be put in our place, and we soon will be.