Saudi Life With $30 Oil

[Banjo]

• Young population is at forefront of changing economy
• Social media drives challenge to old conservative order

http://www.bloomberg.com/news/artic...th-30-oil-shock-spending-cuts-and-even-smiles

 

[felixbocharov]

This country will be doing great even if oil hits $20.
.

 

[misterno]

SA needs Brent to be $105 to break even for budget

Today Brent is 29

Yes they are doing fantastic and their reserves are shrinking by $20BN/month

 

[GloriaBrown]

How much money they have earned and stored somewhere in world throughout so many years? You would never know. I think even they dont make oil for decade still fine.

 

[prc117f]

Word is Saudis are cutting down Ferrari purchases to 3 per year vs 4

A big 33% decline in auto purchases.

 

[LacesOut]

Doing fine??
The country is a basket case.
About to implode.

 

[oldnemesis]

It's interesting that most people have little knowledge of Saudi Arabia, even though the 'Muslim Problem' we experience in the western world is rooted in Saudi Arabia and the brutal, insane society that exists there:

https://en.wikipedia.org/wiki/Saudi_Arabia

https://en.wikipedia.org/wiki/Capital_punishment_in_Saudi_Arabia

https://en.wikipedia.org/wiki/Hijackers_in_the_September_11_attacks