Saudi Arabia on Monday unveiled plans to cut expenditures and sharply raised domestic fuel prices as the world’s top oil exporter attempts to cope with a new era of cheap crude prices.Saudi Arabia is probably the least bad Middle Eastern country in terms of human rights and support for Islamic terrorism, but being the least bad still doesn't make them 'good'. So the flood of cheap oil is having the unexpected positive effect of reducing the power of dictators in the region.
Wednesday, December 30, 2015
Cutting government spending for...Saudi Arabia?
While the US has been enjoying low gas prices, the low price of oil has had impacts around the world. The state of North Dakota has had to cut its budget to make up for the reduction in oil revenue from frakking, but so has Saudi Arabia-