DUBAI, UNITED ARAB EMIRATES – A flurry of diplomatic visits and meetings crisscrossing the Persian Gulf have driven urgent efforts in recent days to defuse the possibility of all-out war after the U.S. killed Iran's top military commander. Global leaders and top diplomats are repeating the mantra of "de-escalation" and "dialog," yet none has publicly laid out a path to achieving either. The United States and Iran have said they do not want war, but fears have grown that the crisis could spin out of Tehran's or Washington's control. Tensions have careened from one crisis to another since President Donald Trump withdrew the U.S. from Iran's nuclear deal with world powers. The U.S. drone strike that killed Revolutionary Guard Gen. Qassem Soleimani and a senior Iraqi militia leader in Baghdad on Jan. 3 was seen as a major provocation.
DUBAI, UNITED ARAB EMIRATES – Yemen's Houthi movement launched drone attacks on oil facilities in a remote area of Saudi Arabia, the group's Al Masirah TV said Saturday, but there was no immediate confirmation from Saudi authorities or state oil giant Aramco. A Saudi-led coalition is battling the Iran-aligned Houthis to try to restore Yemen's government, which was ousted from power in the capital, Sanaa, by the group in late 2014. The war has been in military stalemate for years. The Houthis have stepped up cross-border missile and drone attacks on Saudi Arabia in recent months. "Ten drones targeted Aramco's Shaybah oilfield and refinery in the first Operation: Balance of Deterrence in the east of the kingdom," the Al Masirah channel reported, citing a Houthi military spokesman.
DUBAI, UNITED ARAB EMIRATES – The weekend drone attack on one of the world's largest crude oil processing plants that dramatically cut into global oil supplies is the most visible sign yet of how Aramco's stability and security is directly linked to that of its owner -- the Saudi government and its ruling family. The strikes, which U.S. Secretary of State Mike Pompeo blamed on Iran despite staunch denials by Tehran, led to suspension of more than 5 percent of the world's daily crude oil production, bringing into focus just how vulnerable the company is to Saudi Arabia's conflicts outside the country's borders, particularly with regional rival Iran. That matters greatly because Aramco produces and exports Saudi Arabia's more than 9.5 million barrels of oil per day to consumers around the world, primarily in Asia. It also comes as the state-owned company heads toward a partial public sale. To prepare for an initial public offering, the company has recently taken steps to distance itself from the Saudi government, which is controlled by the Al Saud ruling family.
By 2020, self-driving cars will have progressed so far that they can drive safely at speeds as fast as 200 mph in their own partitioned lanes on highways. In these circumstances, the commute to Los Angeles from San Francisco would take only an hour and a half -- without the need to catch a connection to a supersonic pod. From Abu Dhabi to Al Ain or Dubai could take the car 30 to 40 minutes, door to door. In other words, Elon Musk's self-driving cars and HTT's short-haul Hyperloops may be competing with each other. I'm one of those who would prefer the convenience of having their car come with them so that they can keep extra stuff in the back and be working uninterrupted on the commute.