TSX:HSE.PR.B - Post by User
Post by
wheeloffortuneon Mar 10, 2020 9:57pm
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Post# 30791322
Saudi government will collapse if oil war continues: Analyst
Saudi government will collapse if oil war continues: AnalystPavel Molchanov, Raymond James director. https://www.youtube.com/watch?v=zU1fA-g91lU He says Saudis need $80 a barrel to balance their fiscal requirements. At $30 a barrel, the Saudi economy will collapse. Aramco is a public co. and does the Crown Prince want to explain the massive losses to the shareholders? Probably not. Most of the Saudi economy is based off of oil. The Saudis will probably blink first. Russian can't last a long time either. Putin will probably change face after a constitutional referendum on April 27 and things will be back to normal, but Putin is not going to want to look weak to voters before the referendum.