Good Luck Saudi Arabia, You’re Going To Need It
- Monday, November 21, 2016, 1:16
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Saudi Arabia’s days as global oil markets leader is slipping through its fingers and there’s little they can do to stop the pain other than a substantial oil production cut, which is unlikely. Problems ranging from historically high budget deficits of nearly $100 billion, to politically unpopular austerity measures will continue in the kingdom if oil prices don’t find a floor and trend upward soon.
http://www.forbes.com/sites/timdaiss/2016/11/21/good-luck-saudi-arabia-youre-going-to-need-it/
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