| Would you be happy to see the Saudis going broke? A lot of people would, seeing the swoon in oil prices as a premeditated plot from the No. 1 OPEC producer. Recent articles have crowed about the "suicidal" Saudis, who while glutting the oil market and forcing prices lower, will have run through their almost half a trillion dollars of surplus cash if oil prices remained under $50 a barrel for the next five years.
I've got news for you -- the Saudis won't be one of the first to go, should oil stay low. They'd be one of the last. There are a lot of oil-producing countries that rely upon oil revenue to balance their budgets. Many of them are OPEC members like Saudi Arabia, but many aren't -- and some are U.S. allies...............................................Full Article: Source
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