Paul Krugman interview with Buzzflash


Paul Krugman to BuzzFlash.com

One line in particular concerns me:
Right now, I'm trying to understand what a petroleum industry expert is telling me, when he says that some of the market futures suggest that the market is pricing in about a one-in-three chance that unrest in Iraq spreads to Saudi Arabia. And if that happens, of course, then we're talking about a mammoth disaster.


Is this the result of a constantly jittery commodities market? Or is there a possibility for real that Saudi Arabia may become unstable? Just out of curiosity, how is old King Fahd's health? He's been ailing for years, and I wonder what kind of intermural feuds would start between the princes if he were to pass away. Pure speculation on my part, but this would be a very bad time for this with all of the Islamic extremism going on there right now. We could get a feud between princes, "I'll be tougher on Islam, tougher on America!" "No, I will!" "No, I will!"

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