$37 Oil Forces Saudi Arabia to Run a Deficit

Saudi Arabia posts $98B deficit, raises petrol prices
http://www.pennenergy.com/articles/pennenergy/2015/12/oil-and-gas-news-saudi-arabia-posts-98b-deficit-raises-petrol-prices.html?cmpid=EnlDailyPetroDecember292015&eid=288268884&bid=1264595

ZVUGKTUBM wrote:Saudi Arabia posts $98B deficit, raises petrol prices
http://www.pennenergy.com/articles/pennenergy/2015/12/oil-and-gas-news-saudi-arabia-posts-98b-deficit-raises-petrol-prices.html?cmpid=EnlDailyPetroDecember292015&eid=288268884&bid=1264595

I know your portfolio is heavy with energy investments Z but this could be a glimmer of hope for you! Gonna be a long haul I'm afraid!

knothead wrote:

ZVUGKTUBM wrote:Saudi Arabia posts $98B deficit

 Hmmmmm.  Lessee now.

1.  It costs Saudi Arabia $4-5 per barrel to produce oil.

2.  The price of oil is at $37.

3.  Saudi Arabia cannot even make ends meet with a profit margin like that and now can't even pay their bills without borrowing an additional $98 billion.

The Moral to this Story:   The Saudi Royals are living WAY TOO HIGH on the hog.  Or I guess the camel. 

Bob wrote:

knothead wrote:

ZVUGKTUBM wrote:Saudi Arabia posts $98B deficit

 Hmmmmm.  Lessee now.

1.  It costs Saudi Arabia $4-5 per barrel to produce oil.

2.  The price of oil is at $37.

3.  Saudi Arabia cannot even make ends meet with a profit margin like that and now can't even pay their bills without borrowing an additional $98 billion.

The Moral to this Story:   The Saudi Royals are living WAY TOO HIGH on the hog.  Or I guess the camel. 

LOL, Bob I do enjoy your humor!!!!

ZVUGKTUBM wrote:Saudi Arabia posts $98B deficit, raises petrol prices
http://www.pennenergy.com/articles/pennenergy/2015/12/oil-and-gas-news-saudi-arabia-posts-98b-deficit-raises-petrol-prices.html?cmpid=EnlDailyPetroDecember292015&eid=288268884&bid=1264595

Deficit is a paper figure in a budget.

How much is their debt?

Markle wrote:

ZVUGKTUBM wrote:Saudi Arabia posts $98B deficit, raises petrol prices
http://www.pennenergy.com/articles/pennenergy/2015/12/oil-and-gas-news-saudi-arabia-posts-98b-deficit-raises-petrol-prices.html?cmpid=EnlDailyPetroDecember292015&eid=288268884&bid=1264595

Deficit is a paper figure in a budget.

How much is their debt?

Your point? Since the Saudis' one and only export product is oil, it figures you would be on their side . . . LOL

The solution for the Saudi dictators is simple.  They all need to downgrade from having private 767 airliners to tool around in and instead go with 727's.  That savings alone would wipe out the $100 billion deficit.
And if they stopped giving money to Islamic terrorists to help them do 9/11's against the U.S.,  they could probably have a big budget surplus.
It's simply a matter of changing priorities and then they'll be fine.