Is Saudi Arabia Going Bankrupt?
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How Much Oil Is Left On Earth? http://bit.ly/1keNKtG Why The U.S. And Big Oil Are Fighting Over A Chicken http://bit.ly/1XCxQb5 Subscribe! http://bitly.com/1iLOHml With fluctuating oil prices, Saudi Arabia will soon have to dip into its cash reserves. So is Saudi Arabia heading into an economic crisis? Learn More: Regional Economic Outlook: Middle East and Central Asia http://www.imf.org/external/pubs/ft/reo/2015/mcd/eng/pdf/menap1015.pdf "Global growth remains moderate and uneven." Saudi Arabia to run out of cash in less than 5 years http://money.cnn.com/2015/10/25/investing/oil-prices-saudi-arabia-cash-opec-middle-east/ "If oil stays around $50 a barrel, most countries in the region will run out of cash in five years or less, warned a dire report from the International Monetary Fund this week." Oil prices keep plummeting as OPEC starts a price war with the US http://www.vox.com/2014/11/28/7302827/oil-prices-opec "Oil prices have been dropping sharply over the past three months - a huge energy story with major repercussions for dozens of countries, from the United States to Russia to Iran." Music Track Courtesy of APM Music: "Crystal Logic" Subscribe to TestTube News! http://bitly.com/1iLOHml _________________________ TestTube News is committed to answering the smart, inquisitive questions we have about life, society, politics and anything else happening in the news. It's a place where curiosity rules and together we'll get a clearer understanding of this crazy world we live in. Watch more TestTube: http://testtube.com/testtubenews Subscribe now! http://www.youtube.com/subscription_center?add_user=testtubenetwork TestTube on Twitter https://twitter.com/TestTube Trace Dominguez on Twitter https://twitter.com/TraceDominguez TestTube on Facebook https://facebook.com/testtubenetwork TestTube on Google+ http://gplus.to/TestTube Download the New TestTube iOS app! http://testu.be/1ndmmMq Special thanks to Jules Suzdaltsev for hosting TestTube!
Comments
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From a Tunisian, Saudis can go fuck themselves. You are an evil nation for what you are doing to Yemen but also for not accepting refugees.
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Saudis can go drink camel urine. Alternatively, by muhammad's odd teaching on fosterage to unlawful marriage, the lady need to breast feed the guy. Well, so much milk in the country after you have four wives.
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when Saudi Arabia crashes the civilised world will throw a party
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Please, do MOST SAUDI PEOPLE like Americans in general??
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Money of terrorism is bankrupt
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Just 1 word "TRUMP"
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Not to mention Saudi Arabia are gluttonous fools. They blow their oil money on idiotic ventures and wasteful luxury items.
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I am very sad because saudi arabia helping arabs countries they are all hate us ☹️️🚶🏻
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you dream saudia never going to bankrupt
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When the money starts running out , then hopefully the Saudi's can start to respect other Cultures of the World rather than treating others with respect, Saudi is a cancer to the world like Pakistan who breed terrorism, fuck u people you deserve everything that is coming to you after the attacks in London, NY, Mumbai
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Wow with all that open space idea for solar and wind, why the fuck the evil semite scum never invest in solar or wind tech... Evil dirty semite scum.
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I also heard they evil dirt semites want to take AMCO public, but no one wants to buy it because the saudies have no oil left. Death to the evil dirty semite scum.
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Well two years after the idiot saudies price war on oil producers the saudies gave up and could not take it. This is great news, soon they will all be dead, but these evil dirty nasty arab scum will do anything they can to hold on to their easy life. War is to come. big big wars. Death to saudies. you goddamn evil dirty semites.
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we Saudis live like any other person on the planet yet people just wanna blame us for isis
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what the shit, Pakistan is an Oil importer, oil glut provided a massive boon to pakistani academy, i would know, i live there -_-
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this is one of many resons we need to depend on renewable energy
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I would love to subscribe but you are miss reading information. 1) oil demands GROWTH is decreasing not the actual demand (same in india/china). so even though they intake more oil it is not at the pace that people were expecting. 2) the $10 a barrel doesn't make sense as most company in the world would be unprofitable.
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Here's hoping.
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There is no mention here about the economic and proxy wars between Iran and Iraq and it's influence on oil prices.
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Saudi is going bankrupt because people are buying oil from ISIS. Oh wait. They both are the same people.
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