| Saudi Arabia Hangs On With Cheap Oil—But For How Long? |
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By Nicholas Wells | CNBC, Thursday, August 27, 2015 2:00 PM
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Mark the date on your calendars: Aug. 28, 2018.
That’s when Saudi Arabia goes broke. Or at least that’s the date
according to one model of the oil-rich nation’s reserves, crude
production and the price of oil. If crude stays around $40, America’s
Middle Eastern ally will run out of money on that date. Obviously,… Keep reading →http://breakingenergy.com/2015/08/27/saudi-arabia-hangs-on-with-cheap-oil-but-for-how-long/?utm_campaign=Breaking+Energy+Daily+Digest&utm_source=hs_email&utm_medium=email&utm_content=21647326&_hsenc=p2ANqtz-_vOIlWTzJLN8yrFOZsz4OkB44x5gbvYSRwfE57ErGSDrGMrsVscOxw7rzyRLDylVFxoTxISOO0GhwE6TXuZZv4LEfpcw&_hsmi=21647326
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Michele Kearney's Nuclear Wire - Major Energy and Environmental News and Commentary affecting the Nuclear Industry. Nuclear Activities
Friday, August 28, 2015
Saudi Arabia Hangs On With Cheap Oil—But For How Long?
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