Oil Price Tumbles After OPEC Releases 2015 Forecast - NASDAQ.com
Actually with the oil price as it stands 10 out of 12 countries in OPEC are unable to balance their country's budgets. The exceptions are Kuwait and Qatar. Having said that Saudi are probably comfortable with this short term down turn as their treasury have three quarters of a trillion dollars in reserves. Enough of a cushion while they see off those nuisance shale oilers in the US.