Posted 1/17/2016 18:29 (#5043129 - in reply to #5043054) Subject: RE: Canadian Tar Sand Crude trading at $8.35 per bbls Tuesday
Warburg, AB
McHusker - 1/17/2016 16:52
I read yesterday the Saudis ran a budget deficit of 98 billion, that is a lot for a country that size. People that believe cheap crude is a good thing will be enlightened by collapsing 401ks and a further destabilizing of the Mideast Russia etc etc
So who's backing them/how much cash or equity reserve do they have to fall back on? Time for somebody to clean house over there...