Thread: Gasoline at $4 Coming to a Pump Near You, Unfazed by Rising Tab
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Old 01-13-2015, 01:32 PM   #4756
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Quote:
Originally Posted by Donger View Post
The problem for the Kingdom is that while they can produce at $20, their economy is horribly (or wonderfully) tied to crude. I forget the exact number, but their breakeven point is something like $80/barrel. Less than that, they are going to run huge deficits.
Just to be clear, I assume you mean the COUNTRY of Saudi Arabia, not the royal family?
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