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A comment on China Stock Market Drops 8.5%. Parent comment

Re:China Stock Market Drops 8.5% by alkonaut on Monday August 24, 2015 @08:58AM (#10109395)
The US produces almost as much oil as Russia, but is a net importer.

Saudi Arabia runs a large deficit at current prices, but has a pretty large pile: http://www.eia.gov/todayinenergy/detail.cfm?id=19971 The story is similar in Norway.

In Russia it's not as rosy: http://www.bloomberg.com/news/articles/2014-12-26/russia-may...

On top of the dwindeling reserve, Russia has been given some stiff fines from international courts for unlawful actions, for example $50bn to Yukos shareholders.

Edit: there certainly are also nations that are in at least as deep problems as Russia, Venezuela for example.

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Re:China Stock Market Drops 8.5% by mistermann on Monday August 24, 2015 @09:55AM (#10109675)
Saudi Arabia could be broke in ~5 years if oil stays at $40.
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Re:China Stock Market Drops 8.5% by gabbo on Monday August 24, 2015 @12:18PM (#10110885)
Saudi can just borrow money to help ride things out, their debt-to-GDP is incredibly low (like 3%). That got up to 100% in the early 90s, IIRC, when government revenues had been hurt by a protracted period of lower oil prices.
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