Market analysts and corporates alike are calling for 'lower for longer' oil prices, gas prices will stay low due to shale gas in the US and vast oversupply.
So this $7bn that is being borrowed for operating is not a one-time blip. Regardless of who is in power, we need to address the fact that there are now things that we cannot afford. Royalty revenues are not going to save us, we need to really assess what is a nice to have vs a need to have.
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