Countdown has begun: Saudi Arabia borrows $4bn as oil price reality hits home!

[21 Dec 2012]

Collapses with the fast approaching nuclear deal? Good luck with your delusions...

What happens when Revenue < Expenditure?

 

[SALMAN F]

If Iranian government collapses then yes, Saudi win.


Nuclear deal is to prevent Iran from getting nukes without resorting to war. Low Oil price is very good for the 'West' and other consumer nations. Don't think the 'West' is on your side for removing the sanctions after all the sanctions were placed by West itself. Saudis and Israeli's disagree with the scope of protection that the deal creates and not the deal itself. And they have a point. Obama is pussyfooting. Just wait for 2016 elections when a Republican is elected President.
Iran wasn't as heavily sanctioned just half a decade ago. What did it do?

You didn't understand me I know about not getting nuclear weapons no body will get them

That's what I said the west keep laugh and the Saudis and get cheap oil from them

 

[21 Dec 2012]

You didn't understand me I know about not getting nuclear weapons no body will get them

That's what I said the west keep laugh and the Saudis and get cheap oil from them

The only thing I agree with you is that I don't understand you.

 

[ArsalanKhan21]

Nuclear deal is to prevent Iran from getting nukes without resorting to war. Low Oil price is very good for the 'West' and other consumer nations. Don't think the 'West' is on your side for removing the sanctions after all the sanctions were placed by West itself. Saudis and Israeli's disagree with the scope of protection that the deal creates and not the deal itself. And they have a point. Obama is pussyfooting. Just wait for 2016 elections when a Republican is elected President

That's what I said the west keep laugh and the Saudis and get cheap oil from them

Arabs are subsidizing Europe and America to hurt Iran ? That is laughable and the sheer stupidity of the Arabs knows no bounds. They keep making mistakes to hurt themselves. Cutting off the nose to spite the face !!!

 

[Nair saab]

Not gonna work as Iranians would soon be free to pump and export their reserves of oil and gas as they wish for when sanctions regime is gona...

Iranians Just cant Pump as Much Oil as Saudi...

I dont know y ... But Saudi is Blessed with too much Cheap , easy to find, good quality oil in Huge reserves ... and this special case is with no other country ...

Most of the Oil that Saudi still produce are from the same discovery which Americans had done in 1960's... they never had to dig too much to keep up their production ...

 

[Secur]

Which is that the Pakistan is perhaps the only Islamic state, which sided with terrorists vs Saudi Arabia and all the hard work of persuasion was done by defence pk administration.

Still hurt, dear? It was a long time ago, not even religious blackmail with the Imam's visit to Pakistan did the job for "high on weapon-low on morale" royal army.Hey, what do they say about all the King's horses and all the king's men not being able to do it? The change is in the air! We got a wide Commander in Chief sitting in Rawalpindi. Iranian agent for you, but then of course you gather all your knowledge from the publicly available information Lol

Saudi Arabia is leading charity state in Pakistan's times of need and have supplied oil with deferred payments, and overwritten payments.

And a leading charity state to the sectarian outfits in this country like SSP, LeJ, ASWJ, terror Madaris (remember the "Mufti-Qari-Mullah-Moulvi-Mufti fact I once enlightened you about). Rampant uncontrolled donations to the Saudi cause of generously exporting their ideology (which showed its rear end recently in Dammam) resulting in radicalization and extremism. Result: Millions of Mullah supporters and seminary students rallying for Pakistan to join a war in which Saudi Arab or the explicit term Hijaz faces no danger in the first place, without even a ounce of idea regarding the whole conflict and majority even unaware of the capital of Yemen. Just cheering and supporting the people who feed these living-on-donation crowd in blatant disregard for the country's interests, in-confident that their funders can fight rag tag rebels.

 

[Norwegian]

And a leading charity state to the sectarian outfits in this country like SSP, LeJ, ASWJ, terror Madaris (remember the "Mufti-Qari-Mullah-Moulvi-Mufti fact I once enlightened you about). Rampant uncontrolled donations to the Saudi cause of exporting their ideology (which showed its rear end recently in Dammam). Result: Millions of Mullah supporters and seminary students rallying for Pakistan to join a war in which Saudi Arab or the explicit term Hijaz faces no danger in the first place, without even a ounce of idea regarding the whole conflict and majority even unaware of the capital of Yemen. Just cheering and supporting the people who feed these living-on-donation crowd in blatant disregard for the country's interests.

Hsssshhh! Calm down buddy. Don't wake these Mullahs out of their slumber!

 

[salarsikander]

Hsssshhh! Calm down buddy. Don't wake these Mullahs out of their slumber!

Hi,
How dare you raise your finger towards Suaida Arbia? You infidel !
Dont you Know even though Monarchy is not Islamic concept yet we still see the family of AL SAUD ruling on un-islamic ruling. Supporting extremist ideology is fine as long as it does not the touch private state of Al saud, but when it does get to your door step on south (Yemen) and on north (Iraq) then you better run to Al Bakistaniya to ask for so called brotherly assistance in the fight for Islam. You send Imam e Kabah to garner support from local population, yet the very same Imam was nowhere to be seen in Al bakistan, when we were bleeding with terrorism.

How dare you point out the hypocrisy of such mentality.

Still hurt, dear? It was a long time ago, not even religious blackmail with the Imam's visit to Pakistan did the job for "high on weapon-low on morale" royal army.Hey, what do they say about all the King's horses and all the king's men not being able to do it? The change is in the air! We got a wide Commander in Chief sitting in Rawalpindi. Iranian agent for you, but then of course you gather all your knowledge from the publicly available information Lol

Hi,

You just nailed it Sir

 

[JUBA]

ANd at that time my patience will run out and your terrorist arse will be thrown off this forum.

Don't like his views/opinions so calls him a terrorist

 

[Panther 57]

This is the fate of all those countries where Economic Hit Me have been planted.

 

[Saif al-Arab]

I can't find this news in any Saudi Arabian or Arab news outlet.

Also this news makes zero sense. I will tell you why that is.

KSA (GCC as a whole too) along with China are the main "trade surplus" nations in the world, and also amongst the world's largest creditor nations.

In fact KSA has the best account balance in the world along with China.

List of sovereign states by current account balance - Wikipedia, the free encyclopedia

Not only that KSA and the GCC have sovereign wealth funds that are worth over 3 TRILLION dollars as of 2015. Let alone all the assets they own abroad, including all the hundreds of investments in various fields throughout the ages on all continents.

Sovereign Wealth Funds Rise & Shine in the GCC (Wealth Worth over USD 3 trillion)

Not only that KSA's oil is the easiest to extract in the world, has the best quality and KSA unlike several other oil and gas producing countries has a small local consumer base, meaning much more oil can be exported.

Not only that the reserves are enormous (few drilling elsewhere have been made and much of KSA is still unexplored, after all it's the 13th biggest country on the planet) and KSA has huge reserves of shale gas and oil.

Aside from arguably one of the biggest potential in terms of alternative energy, mainly solar and wind energy.

KSA taps the sun to meet a third of its energy needs

KSA's economy is also becoming less and less dependent on oil and gas for each year that goes by and the diversification is an ongoing process.

Oh, did I mention that KSA is a G-20 Major Economy Member State and has one of the highest GDP per capita and living standards in the world?

G-20 major economies - Wikipedia, the free encyclopedia

List of countries by GDP (nominal) per capita - Wikipedia, the free encyclopedia

List of countries by GDP (PPP) per capita - Wikipedia, the free encyclopedia

In short KSA is one of the best equipped country's in the world to withstand low oil prices but I will let all the "PDF experts" pretend that KSA is facing a Grexit if that makes them happy.

The reality is that KSA (along with the GCC) is becoming stronger for each year and that is likely not to change at all.

Combined our GDP (nominal) is almost 2 trillion dollars which if 1 country would make us one of the 10 biggest economies in the world.

Having said that economic reforms are necessary as almost zero taxation is not going to work on the long run and the economic market in KSA should also be liberalized and the privatization should increase as well.

News such as the one below is a step forward for instance.

http://www.ft.com/intl/cms/s/0/a82a686a-129d-11e5-bcc2-00144feabdc0.html

So much unfulfileld potential in short.

 

[SQ8]

Don't like his views/opinions so calls him a terrorist

Anyone with sectarian ideals will be a terrorist, do you hold them? If so , Yes you are a terrorist and filthy human being.

 

[JUBA]

Anyone with sectarian ideals will be a terrorist, do you hold them? If so , Yes you are a terrorist and filthy human being.

So you're saying that you're a filthy human being?

 

[Malik Alashter]

I pray and every Iraqi, Syrian and Yemenis we all pray for full and fast collapse.

Oh Allah please show us your anger and revenge soon.

 

[SQ8]

So you're saying that you're a filthy human being?

I dont declare people kafir. You do.