re: Oil Wars: Why OPEC Will Win

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Saudi needs over $80 for their budget.

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This is oversimplified. Saudis could still support their entire budget on oil sales alone at a lower price per barrel if they increase market share.

They also have $1 trillion in cash reserves to draw upon for this very reason. They would not have to completely cover their budget from oil sales for years to come.

All of this also assumes that the Saudi people will automatically revolt if the budget is cut at all which is not the case.