The End of Oil

In July 2015 Saudi Arabia had to borrow money from abroad for the first time since 2007.
The country had to spend $115billion of its bank reserves in 2015. If the oil price stays where it is now, its reserves will be gone within 5 years.
The International Monetary Fund expects this year to see the country’s slowest growth since 2002. News agency Reuters recently revealed that Saudi Arabian banks have been told to substantially increase the amount they lend to try and stimulate growth.
The country has had to withdraw troops from the war in Yemen – which is costing them $172million per week – to try and balance its budget.

This is the result of a two-year downturn.

The Saudi economy is in tatters.

Their political influence is waning.

Can you imagine what would happen if a genuine competitor for oil emerged… and ended oil demand forever?

Well, we believe that it just has...

And it’s going to have huge consequences for you as an investor.

http://pro.moneyweekresearch.com/FTI-launch-29AIMAD/PFTIS4A5/?h=true

Time to put those tent back up