One wonders what impact this is having on Saudi revenues and how long they can go before they feel the squeeze? There has to be a pain point eventually. Nations have bills to pay.
I have no idea how this plays out. No doubt that there are geopolitical games being played by the Saudi’s, but when your revenues are cut in half certain “dislocations” usually set in.
They are gazillionaires. Their idea of hard times is to shut down their artificial snow park.
“how long they can go before they feel the squeeze? There has to be a pain point eventually. Nations have bills to pay.”
The Saudi’s have lots of cash, LOTS of gold, and AAA+++ credit. They can take it.
THIS IS ALL ABOUT ISIS, and bankrupting their ability to make money, which is by selling Oil. ISIS is a dagger pointed straight at Mecca, and the Saudi Royal Family, and they know it.
That's pretty funny. Why don't you tell that to Odumbo. Any nation with a printing press can pay its bills.