Saudi oil producing policy is a smart long term strategy.
Saudi Arabia has tremendiouse reserves and low oil cost that can sustain growth with much more options than high cost ones such as massive debt capabilities.
Countries with high cost oil producing will have difficulty sustaining.
Source CNN
Mohamed El-Erian: Get used to cheap oil
Saudi oil producing policy is a smart long term strategy.
Saudi Arabia has tremendiouse reserves and low oil cost that can sustain growth with much more options than high cost ones such as massive debt capabilities.
Countries with high cost oil producing will have difficulty sustaining.
Source CNN
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