Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Friday, August 28, 2015

Saudi Arabia Hangs On With Cheap Oil—But For How Long?

Saudi Arabia Hangs On With Cheap Oil—But For How Long?
By Nicholas Wells | CNBC, Thursday, August 27, 2015 2:00 PM
Kuwait Promises To Increase Oil Production In Case  Of War
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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