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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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970338 No.970338 [Reply] [Original]

I firmly believe that the Saudis will do "whatever it takes" to stabilize global oil prices.

>> No.970407

>>970338
They seem to be happy to play loss leader for the moment. Do you see that changing or are you making shit up?

>> No.970626

>>970407
They will tell you what you want to hear if you are an OPEC member. If not, they tell you to fuck yourself for producing "high cost" crude oil to use to take away their markets.

North Dakota is now the swing producer in the global oil producing community. North Dakota women have to bundle up as much as Saudi women only for different reasons.

>> No.970668
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970668

>>970338
they will be bankrupt in 5 years time..

They are fighting a a very costly war in Yemen..
https://www.youtube.com/watch?v=DVSDxPo7KNs

everything in their country is subsidized so massive losses.. 15 cent per gallow of oil for example.

15000 princes who receive massive amounts of money each month for just being a prince.

Citizen receive financial gifts for literally everything. 10K for every marriage for example... and even more for having children.

A non educated population.. they never went to school as everything was handed out to them for free anyhow.

Financing of terrorist groups all around the globe. like IS, which cost silly money.

>> No.970677

>>970668
https://www.youtube.com/watch?v=fBwKYvINTds

>> No.970681
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970681

>>970668
These retards are literally driving tanks and jeeps into those narrow passes? Has noone been watching when Chechnya 1.0 happened? Ive tempted to look up who makes this junk and invest into them since Saudis will need a lot more of it soon.

>> No.970801

>up 2% today
BASED SYN! It would be more if I didn't buy AAL before their ER.