"Financial Storm Hits Gulf"

[wilburbear]

What are the chances that, in the over-extended Gulf, OPEC countries will actually race each other to get oil out of the ground to firm up eroding balance sheets? These countries don't have much else to offer.

Oil to $32 a barrel?

http://online.wsj.com/article/SB122501263428669773.html

 

[MarginCalled]

"Couldn't have happened to a nicer guy"

 

[kashirin]

Quote from wilburbear:

What are the chances that, in the over-extended Gulf, OPEC countries will actually race each other to get oil out of the ground to firm up eroding balance sheets? These countries don't have much else to offer.

Oil to $32 a barrel?

http://online.wsj.com/article/SB122501263428669773.html

foreign currency reserves are 2 trillion for Gulf states

I can't even imagine what might be done to deplete those reserves.
Gulf states can stop drilling and will have money for another 10 years