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nammuldi

3,373 Posts.

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01/03/15

17:14

Post #: 14839933
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Originally posted by nammuldi ↑

Saudis budget for 2015 is $65bn and will therefore need to draw on reserves of approx. $100bn to maintain all their social programs and subsidised programs which I believe gives the Saudi's 5 years of doing this until they run out of reserves.

clearly they will not but also it indicates they have the capacity to run at low prices for a good period of time, which means whatever objective thye have in mind it appears they have the capability to implement it - be it kill USA prod, Russian influence in Syria etc etc.

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I meant to say $65bn from oil revenues at current low prices!!
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