Yes. The world is awash in crude oil. A lot of that had to do with the US energy companies desire to poison us with fracking. OPEC decided to try to force them out of business by starting a price war. It has not worked.
http://www.bloomberg.com/news/articles/2...s-imf-says
Not the worst outcome, eh?
http://www.bloomberg.com/news/articles/2...s-imf-says
Quote:Saudis Risk Draining Financial Assets in 5 Years, IMF Says
Quote:Saudi Arabia may run out of financial assets needed to support spending within five years if the government maintains current policies, the International Monetary Fund said, underscoring the need of measures to shore up public finances amid the drop in oil prices.
Not the worst outcome, eh?


