With oil cheap, Arab states cannot balance their books

Re:With oil cheap, Arab states cannot balance their books by hinkley on Tuesday July 21, 2020 @01:47PM (#23909026)

Did I not hear that some of those high numbers either have to do with corruption or over-reliance of public services on socialized oil industry profits?

Last time this came up someone was trying to make the argument that the reason some countries need 50% higher oil prices has less to do with the costs of extracting and shipping the oil and more to do with the cost of doing business in that country.

If so, you may see some pressure to change the equation, for better or worse.

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Re:With oil cheap, Arab states cannot balance their books by ogre_codes on Tuesday July 21, 2020 @02:21PM (#23909360)

I highly doubt reform will be high on the list of priorities for a corrupt regime in decline. I would expect that the poor and middle class would suffer far more and first.

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Re:With oil cheap, Arab states cannot balance their books by hinkley on Tuesday July 21, 2020 @03:43PM (#23910184)

I did not mean to imply that the pressure would necessarily be orderly or civil.

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