View Single Post
Old 12-26-2014, 03:05 PM   #204
ExiledFlamesFan
Lifetime Suspension
 
Join Date: Jul 2014
Exp:
Default

Quote:
Originally Posted by nik- View Post
http://www.nytimes.com/aponline/2014...i-economy.html

but "they can do it forever". Saudi Aramco may be making money, but their country is bleeding bad.
Yep. They are panicking now. 39 billion deficit with 800 billion in cash reserves left.

The Saudis can outlast anyone. They aren't concerned. All of their competition will be out of business before they run out of cash.

At this deficit rate they'll last more than 20 years before they run out of cash.

Last edited by ExiledFlamesFan; 12-26-2014 at 03:10 PM.
ExiledFlamesFan is offline   Reply With Quote