31 May '11, 8pm

#peakoil Higher break-even price for Saudi oil sets new normal: In 2003, the breakeven for Saudi crude oil wa...

By definition, a “break-even” oil price defines the amount of money the Saudis must make from each barrel of oil to avoid fiscal deficits. And word has it that a higher national debt would jeopardize their fiscal soundness by requiring the Saudis to take on more national debt or risk drawing down their sovereign wealth funds which have been accumulated over many years.

Full article: http://peakoil.com/consumption/higher-break-even-price-fo...

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