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The Saudis are doing more than this," they

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risk on   Wednesday, 04/20/16 04:39:51 PM
Re: maddog27 post# 127
Post # of 156 
The Saudis are doing more than this," they just had to get a 10B loan to keep up" . The debt issuance is just a small part, they are also going yo levy income taxes on their people ( first time ) and they are goin to sell off part of their state owned oil co ( largest in the world). Why are they doing this? Because, IMO, they are preparing for all out war, price war that is. Not just about the competition, but there are political reasons as well. They are really pissed at us ,the US for allowing Iran oil on the open market, they dislike Russia for siding w Assad , and their mortal enemy is Iran. They also have forewarned the US not to allow the victims of 9/11 to sue them and/ or for the US to not release the 28 pages.

They may well announce a ramping up of oil production as the first shot to this coming price war, and could well dump hundreds of billions in US treasuries on the open market.

It's go time for Saudi, and unless Obama can falafel his way to some arrangement wit them, then it may well be on. But, they don't like him either anymore, as he just called them out in an article in the Atlantic. We shall see

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