Quote:
Originally Posted by bsimms
So if the Saudi's are going through approx 95 billion/year, and this downturn is approx 1 year old... they only have 6.5 years until $0. What will Alberta look like in 6.5 years from now with sub-forty dollar oil? I think the Saudi's will be just fine, but not so sure about us.
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They're not going to blow all their cash reserves in the hope they can control the market when this turns around.