So I was reading about the drop in oil prices recently and ran across a few things that were just kinda interesting. Firstly thereâs this little quote from an article explaining why the price of oil was dropping.
âFinally, the Saudis and their Gulf allies have decided not to sacrifice their own market share to restore the price. They could curb production sharply, but the main benefits would go to countries they detest such as Iran and Russia. Saudi Arabia can tolerate lower oil prices quite easily. It has $900 billion in reserves. Its own oil costs very little (around $5-6 per barrel) to get out of the ground.â (http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4) - Source
  Now granted this was from December of last year, but still pretty funny when you read this little snipped from an article from earlier today about how Saudi Arabia is having to cut back on itâs spending (supposedly).
 âThe Saudi government has banned official purchases of cars and furniture and slashed travel budgets and infrastructure spending as it faces its gravest fiscal crisis for years because of low oil prices, according to leaked internal government documents.â (http://www.theguardian.com/world/2015/oct/08/no-more-new-cars-furniture-king-oil-slump-forces-cuts-saudi-arabia) â Source
Really wish I could have queued this up for later but it just wouldnât be as good then.Â

















