Article

2014-12-18 Arabia

Saudi to Continue 'Massive' Spending Despite Oil Price Fall

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Posted by trailing wife 2014-12-18 00:00|| || Front Page|| [6 views ] Top

#1 That's OK. They have bales of money they've been using as insulation, and if things get tight, maybe they can sell a few hundred politicians.

Posted by ed in texas 2014-12-18 07:38|| 2014-12-18 07:38|| Front Page Top

#2 This has been a known for decades. After the '73 gas crisis SA has been spending hand over fist. That's one reason that there have been no serious disruptions in the oil market since then.

SA needs the stability to keep the population from going full ISIS so the money tap has to stay open.

Posted by AlanC 2014-12-18 12:16|| 2014-12-18 12:16|| Front Page Top

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