PPRuNe Forums - View Single Post - Surviving the oil slump
View Single Post
Old 29th December 2015 | 07:45
  #83 (permalink)  
nowherespecial
20 Anniversary
 
Joined: Jun 2005
Posts: 491
Likes: 21
From: nowhere special
Saudi budget is being blown apart by this desperation to burn the US shale producers. Not sure how long they can maintain it internally politically. They are having to raise/ levy TAXES (!) in the KSA to try and recover some of the deficit. They are running out of cash reserves. I think the KSA needs to make peace that shale exists and the USA is now a net exporter end close the taps a bit. Their strategy isn't working for them, let alone the rest of us!
nowherespecial is offline  
Reply