WDS 1.06% $24.89 woodside energy group ltd

Woodside - times are a changing, page-109

  1. 14,193 Posts.
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    Saudi govt has massive social welfare program, 90% of Saudi govt revenue is oil. When the population get a reduced divvy (80% reduction) they might not like their rulers style so much. Govt may end price war due to domestic pressure (likely IMO)

    Iran is similar but not quite so reliant on oil - they produce and export food and some cars and other goods (thanks to sanctions of the past 40 years). Iran has the proxies in Yemen that can lob missiles and fly drones into saudi oil infrastructure. Saudi has the means to retaliate on iranian oil infrastructure. Russian and US oil would not be averse to such events transpiring IMO. (less likely but possible if Saudis press long term on oil price war)
 
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