You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Arabia
Saudis score record budget surplus
2006-01-02
Originally reported Dec. 14, but I thought it might be of interest.
ABU DHABI — Saudi Arabia expects to achieve a record budget surplus of $51 billion in 2005. The Samba Financial Group said the kingdom's economy would increase by 6.5 percent on the basis of rising oil prices, Middle East Newsline reported. Samba said Saudi Arabia would maintain annual growth of between five and seven percent until 2010.

The Saudi bank based its 2005 forecast on an average price of $45 a barrel for Saudi crude and production levels of 9.6 million barrels per day. Samba said world oil prices would remain stable for the foreseeable future. "This year will be the best in the kingdom's economic history," Samba said in its semi-annual report. "Oil revenues, the government budget surplus and the current account surplus will all register all-time highs because of exceptional oil prices and high oil production."
Posted by:Steve White

#3  Right on, gromgoru!!! The Saudi oil consumers are financing a jihad against themselves. That is the idea that just blows me away. Everything else that is going on in the WoT, heroic for sure, is still treating the symptoms. Follow the money, for the source holds all the answers.
Posted by: Alaska Paul   2006-01-02 13:10  

#2  Don't forget buying western politicians, press, and universities. CF
Posted by: gromgoru   2006-01-02 07:42  

#1  More money for jihad, madrasas, Islamic centers, mosques, Iraq terror, al-Qaeda buy-offs and Pak nukes.
Posted by: CaziFarkus   2006-01-02 00:55  

00:00