[Tyler Cowen] US needs Saudi Arabia, and vice versa
Oct 24, 2018
Following the murder of journalist Jamal Khashoggi, there have been many calls for re-examining the US-Saudi relationship, even for imposing sanctions. As an economist, I understand there are diplomatic fine points to this relationship that lie beyond my expertise, but still: It is worth reviewing the economic and exchange-based reasons US-Saudi relations have been so robust.First, trade between the US and Saudi Arabia is currently about $24 billion per year. You might think the US is now energy