William Katz:  Urgent Agenda

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IS THE BIG GAS STATION NEXT? – AT 10:58 A.M. ET:  No country in the Arab world is more important than Saudi Arabia, the big gas station in the desert.  Saudi Arabia is oil.  I can't think of anything else.  Well, maybe religious patrols to make sure women don't drive cars.  (Chevy Malibu is a high sin.) 

Will Saudi Arabia be next on the revolution list?  Charles Krauthammer urges us to watch closely.  From The Daily Caller:

Here’s something Americans should certainly keep their eyes on – the potential for unrest in Saudi Arabia, which the United States imports more oil from than any other country outside of North America.

Fox News Channel contributor Charles Krauthammer warned of that potential on Wednesday night’s “Special Report Online,” aired on FoxNews.com, which could be foiled by the Saudis' intelligence apparatus.

“The big one is March 11,” Krauthammer said. “There’s a Facebook call in Saudi Arabia for a day of rage all over Saudi Arabia on March 11. Now, the Saudis have really good intelligence. They are tough. They’re ruthless and they’re effective. There isn’t a lot of anti-government activity in Saudi Arabia.”

If it isn’t foiled though, Krauthammer said such unrest could spell dire consequences for the world economy and would warrant intervention.

And...

...there are humanitarian concerns in Libya that are significant,” he continued. “There are also strategic concerns, but there’s nothing compared to Saudi Arabia and it’ll be interesting. I’m not sure anything will happen on March 11, but if something does we got a whole new world we’re living in.”

COMMENT:  That is correct, but the Saudi government is expert at bribing the population with some petro dollars, and it can probably count on help from the U.S. and Europe because this is a gas station that can't close.

Gas at the pump is averaging about $3.50 a gallon where we are, for regular.  If the disruptions in the Mideast continue, we could be looking at catastrophically higher prices, with a possible impact on the 2012 presidential election. 

February 24, 2011