Saudis Boost Gas Prices by 40%, Dismantle Welfare State To Wage War With U.S. Shale

by Tyler Durden
ZeroHedge.com
12/28/2015

In a bid to shore up its finances in the face of self-inflicted oil wounds, Saudi Arabia is shaking up the welfare state by raising prices on everything from domestic fuel to water. Apparently, persisting in the war of attrition against the US shale complex is paramount – even if it means making life harder for everyday Saudis so the monarchy can buy itself some budget breathing room.

The Rest…HERE

This entry was posted on Monday, December 28th, 2015 at 3:49 pm and is filed under Economics, Oil, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.