Saudi Arabia Lobbies for Aid in Anticipation of Decline in Oil Revenue
Thursday, October 8th, 2009If corporations, banks, and insurance companies qualify for welfare, why not the Saudis?
If corporations, banks, and insurance companies qualify for welfare, why not the Saudis?
This story from Robert Fisk surfaced a couple of days ago, to a chorus of denials from those in the know in the U.S. and Britain. But the story isn’t going away, and it’s also no secret that most of the world would love to dump the dollar. But major players like China also have a lot invested in the dollar, so only time will tell…
Rapid economic and population growth are increasing demand for energy in Saudi Arabia, which could ultimately impact the amount of oil exported from the country if new reserves aren’t discovered soon.
http://www.ft.com/cms/s/0/6eb3bd10-aeea-11de-96d7-00144feabdc0.html?nclick_check=1