Congress Postures on Saudi Arms Deal

Hundreds of members of Congress have written a letter to the executive branch asking for more details about the US-Saudi Arms deal. While the arms deal is likely to still go through, members of Congress are positioning themselves to appear concerned about the sale’s implications for Israel. Specifically, these members of Congress are seeking a […]

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“Comfort Zone” Inflation?

When Saudi Minister of Petroleum and Natural Resources, Ali Al Naimi, said last week that oil price’s “comfort range” was $70-$90, it was a departure from the previously established range by the minister of $70-$80. It caused the price of oil to jump and speculators to buy up oil in the hopes that it would soon […]

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