I'm not sure what category to place this entry under, since it's really a book review about a book that hasn't come out yet. The book is called "Sleeping With the Devil: How Washington Sold Its Soul for Saudi Crude" by Robert Baer and it's due out in June 2003. However, the main thesis is abridged into a must-read article in this month's (May 2003) Atlantic magazine called "The Fall of the House of Saud."
Baer's thesis is that an economic, and hence a social and political, implosion is imminent in Saudi Arabia. The Saud clan that rules the country is deeply corrupt and its kleptomania cannot continue as the royal family grows while petrodollars shrink. But the United States is complicit because we don't really demand reform as long as the Saudis keep the oil flowing.
Like any good piece of journalism – and this one pulled out shocking details I had never heard before – "The Fall of the House of Saud" will totally change your outlook on the U.S.-Saudi relationship. The deadly dance has been going on for far too long, and as Baer's gripping article reveals, it won't go on for much longer.