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To: privatedrive

I’ve also seen comments that they have financial assets “in the bank” so to speak that they could go 12-18 months of price war without much problem.


40 posted on 12/17/2014 11:01:46 AM PST by nascarnation (Impeach, Convict, Deport)
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To: nascarnation

if you have the luxury of $741 billion in currency reserves then your pain threshold is a damn sight better than the competition.

http://www.forbes.com/sites/gauravsharma/2014/12/05/saudis-wont-relent-in-oil-market-tussle/3/


45 posted on 12/17/2014 11:15:10 AM PST by thackney (life is fragile, handle with prayer.)
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