icj1
pre 8 godina
The Saudi’s are now chewing through their reserves so if they continue producing too much oil they will go belly up
(sj, 21 December 2015 06:52)
Yup, that's true. The sad part though is that the Russians would have gone belly up long before then, because they too are chewing through their reserves and unfortunately the evil Saudis can live on their reserves for much longer. The Saudis' reserves are more than 80% of their GDP, whereas Russia's are less than 20% of Russia's GDP.
But, I think Russia may stand a chance if it hires the CE of B92 forums sj as an economic adviser since he/she has worked for a senior government official and a commercial bank in Malaysia! Not to mention that the CE of B92 forums sj can increase Russia's reserves by just writing a post here in the B92 forums!
P.S. CE = Chief Economist
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