RIP
RIP
Dylan Powell
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Gavin Cook
Thomas Ross
not really, their point is to make the oil go down so that the US shale industry is ded, and so is Russia/Iran.
they're the ones who will survive this, they're playing 4d chess
Jackson Myers
Yes
Noah Perez
Not sure how they survive oil literally going negative
Corona is a hellavu thing
Easton Nelson
Isn't there a chance a lot of economies will pick up again with way less dependency on oil now?
Sebastian Gonzalez
>Saudi Arabia needs an oil price of about $85 per barrel to balance the government's budget deficit, but only $50 per barrel to balance the current account
Blake Hall
Nobody knows. Coronavirus is messing up literally everything. Some states WILL end up failing as a result of this.
Dylan Reyes
It's a temporary situation, it will change in the next 6-18 months.
And saudi arabia has a lot of assets, they're pretty stacked.
When the economy will go back, just like after the 2008-2009 crisis, the oil demand will be very high.
Christian Ross
Is there a chance they could start a war based economy with US?
Ryan Morgan
Bullshit. Saudi has like 0 wealth reserves, there's a reason they've been trying to dump Aramco, it's because they have literally nothing besides Aramco and SABIC. The government will never allow Shale to go bankrupt, and Iran will hold out out of spite. Saudi Arabia WILL be the first to fall except for maybe Venezuela.
Jacob Harris
well that's been said since the 1973 crisis, but oil is still very much in use
Sebastian Long
Dude, 5 seconds after oil stops mattering, Saudi Arabia will be abandoned and bumfucked by the entire world. And they deserve it for what they did to Yemen.
Gavin Torres
sheeeit
Lucas Flores
am i the only one that's noticed this french flag shilling for saudi arabia?
Bentley Ross
theyre the ones causing this shit
Jackson Foster
I thought it was BSOD
Kevin Anderson
RIP
France is SA's biggest european ally. They'll happily provide them with munitions to warcrime everyone around them.
Luis Anderson
They were, but now it's gone too far and they're regretting it.
Alexander Cox
Never did that, but you're shilling for iran/china 16 hours a day here, with 500-1500 daily posts.
Noah Hernandez
literally what
Jackson Rivera
That sounds great until you realize
>They're already $126 B in debt, and by their own government's admission will be $300-400 B in debt at the end of the crisis
>$500 B will last two years under Saudi Arabia's current budget
>Saudi Arabia trying to cut the budget by 20% means massive unrest and government instability since they'll inevitably cut most state agencies by 35-45% so they can keep bombing children in Yemen
They can get away with this for about a month.
Hudson Howard
To their credit, the Saudis have been spending a shit ton as part of a massive government initiative to diversify their economy in the coming decades. Unfortunately for them they're still pretty much entirely dependent on oil. They do deserve it for what they're doing in Yemen and for all the people who've died by the hand of Wahabbist radicals those fucking faggots have been bankrolling for decades now.
Juan Thomas
S
Christian Cruz
What a fucking mess lmao
Carter Robinson
Perfect time to start a war with Iran and kick the oil price back up
Jason Martin
Those faggots also destroyed en mass religious monuments and shrines that were beyond valuable.
Angel Murphy
thats what you get for solely relying on oil for 60 years straight. they could've started diversifying their economy and spent big money on educating their 79 IQ population in the last century instead of paying russian girls 30k to shit on their chest
Jose Morales
Hopefully russkies die too. We gonna see independent yakutia, etc
Adrian Moore
They've got savings and shit. Russia and Venezuela will be the ones in trouble, though the people will bear the brunt of this.