This Saudi lurch backward coincided with Iran's Islamic Revolution in 1979, which brought Ayatollah Ruhollah Khomeini to power. That revolution set up a global competition between Shiite Iran and Sunni Saudi Arabia for leadership of the Muslim world, and it also led to a big surge in oil prices that gave both regimes more money than ever to export Shiite and Sunni fundamentalism. That is why the Egyptian scholar Mamoun Fandy liked to say, "Islam lost its brakes in 1979."
That competition was further fueled by the Soviet invasion of Afghanistan in 1979 — which spawned the Sunni jihadist movement and eventually Al Qaeda — and by the Three Mile Island nuclear accident, also in 1979, which basically ended all new building of nuclear power plants in America, making us more dependent on fossil fuels. Of course, the Islamic Revolution in Iran also led to a break in relations with the U.S. — and shifted Iran from a tacit ally of Israel's to a country wishing "death to Israel."'
'On July 9, Agence France-Presse reported that the International Monetary Fund estimated Saudi Arabia, whose population tripled since 1975, would run a budget deficit this year exceeding "$130 billion, the largest in the kingdom's history," and "to finance spending Riyadh has already withdrawn $52.3 billion from its fiscal reserves in the first five months of the year." Iran's population has doubled since 1979, and 60 percent of its residents are under 30 and it has 20 percent unemployment. Last April, Issa Kalantari, a former Iranian agriculture minister, warned that because of dwindling water resources, and over-exploitation, if Iran doesn't radically change its water usage "50 million people — 70 percent of Iranians — will have no choice but to leave the country," Al-Monitor reported.'