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
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
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.
Word is Saudis are cutting down Ferrari purchases to 3 per year vs 4 A big 33% decline in auto purchases.
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