re: Saudi posts record $98 bn deficit in 2015

They are playing a dangerous game trying to make other producers capitulate and the stakes are high for them and other oil producing countries including the U.S. But with oil in the 30 range and possibly going lower it is not sure how long they can or will allow it. Russia and even the U.S. have so far been somewhat resilient but that probably will change if the current price continues. Venezuela is really hurting.