Just looked it up.... GDP of Saudi in 2006 was 1/2 a trillion.
45% of that is oil.
You cut the Saudi GDP down from $500 billion to $275 billion and their GDP isn't much more than GE's 2009 revenues LOL
They ain't that rich.....it just appears rich to you because you watch the 1000 richest Saudi's on your TV and don't realize those same 1000 are the only ones with two nickles to rub together.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.