rvp20182: Go to bed son. You're beyond stupid. How you managed to login here is beyond me. Saudis have like a trillion dollars in savings. They literally scoop the oil from the surface. Are you retarded? or insane?
You are just dumb
Saudis have huge obligations that have made them so exposed to shocks
Saudi savings will be depleted in 2 years and 4 years at most when they cut down on their expenditures.
This discussion is not for small boys like you.
your small brain cant comprehend.
In purely basic oil economics terms, Russia has a budget breakeven price of US$40 per barrel of Brent this year: Saudi’s is US$84. Russia can produce over 11 million barrels per day (mbpd) of oil without figuratively breaking sweat; Saudi’s average from 1973 to right now is just over 8 mbpd. Russia’s major oil producer, Rosneft, has been begging President Putin to allow it to produce and sell more oil since the OPEC+ arrangement was first agreed in December 2016; Saudi’s major oil producer, Aramco, only suffers value-destruction in such a scenario. This includes for those people who were sufficiently trusting of MbS to buy shares in Aramco’s recent IPO. Russia can cope with oil prices as low as US$25 per barrel from a budget and foreign asset reserves perspective for up to 10 years; Saudi can manage 2 years at most.
you guys are so poor such that trekking to UAE as unskilled labour became an attractive source of income
mtisTheQubit: ths guy an imaginary stuff...why would we trek to ethiopia...if we want to go to UAE we board a plane..what wrong with you west africans...
rvp20182: False. Black Americans however much they try - will soon find just how impossible it is to live in Ghana. Kenyans walking thro Ethiopia - never heard of that. Somalis and Ethiopias can..because their countries are messed up.
It is not just black Americans alone
and the majority have come and never looked back because they are doing really fine.
yeah i know a lot of South Africans and Ghanaian marriages here too SAns are nice people
XhosaNostra: I can attest to the bolded. Way back in the day, when we still had "Homelands", the prime minister of what is now known as the Eastern Cape, sought the services of Ghanaians out of all African countries. There was a shortage of nurses & teachers at the time, I believe. We lived well with them from the 60s until now. The Eastern Cape still has a huge Ghanaian community, also marriages between Ghanaians & South Africans. One of the South Africans here once admitted to be half-Ghanaian, but I'm not going to say who
rvp20182: Need versus want. Go back to school...midget.
What is the difference between needs and wants?" A need is something you have to have to survive or complete a task. A want is simply the desire for something, in many cases something to satisfy a need. You need food to survive.
everyone see how this guy is showing his dumbness
Saudi need oil at 84 dollars else for them to be able to run their government like they do else they will run out of money in 2 years and will be lucky to escape civil unrest.
rvp20182: Only Nigerians - which is worse than Ghana - see opportunity in your god forsaken country - where young men and women don't see any opportunity in Ghana and would rather walk the Sahara and take rickety boats to Italy.
UNFORTUNATELY
the Chinese and Americans are the ones traveling to stay the most in Ghana
for generations now, Kenyans have been trekking through Ethiopia to get to the UAE just to go and prostitute themselves
rvp20182: Remittance is a side-effect - your country obviously is so hopeless - Ghanaian are still emigrating since 15th century. FIx your country and you wont have so many Ghanian suffering as slaves..modern and old.
Only countries at war should emigrate in such scale. Your country continues to fail your citizens - and only way is to escape Ghana as soon as possible.
The remittance is mostly coming from hard and demeaning labor - if not crime, prostitution and all sort of crimes.
Same way more people are immigrating into Ghana
Ghanaians are capturing Global wealth into Ghana as the world demands for their skills. A balancing equations
Only countries developed with well educated people cant offer to spread and contribute to other countries econmies. Too bad kenyans aint educated that much and usually too poor.
sorry, Ghanaian citizens aint kenya that go to Saudi Arabia and UAE to do prostitution
rvp20182: Say an IMF colony. You don't even know independence. There is a reason a Kenyan gave America their first black president - despite Ghana poor genes all over America continent for 200yrs.
The reason why Kenya has done well despite getting a bad deal - is our EMPHASIS on EDUCATION. No African country can match Kenya's thirst for education.
you keep laying claim to people that dont want anything to do with Kenya
kenya is a poor country that hasnt put in the effort to make things better for themselves hence why more people keep ending up in slums. as you guys populate like rats.
Ghanaians are too well educated hence their contribution globally Remittances says a lot.
Shma: water supply is not everything, you keep on ranting about water when we start city comparison . And I remembered asking you about Accra being ahead of Lagos and you boldly said yes, why? Because Accra can distribute water to large group of people
Kenyatta have not even come closed to NANA in anything
Global leaders today are repeating NANA COVID speech to reassure their citizens
rvp20182: Which big boys can allow a midget whose biggest dream is Nairobi of 80s in their circles. The midget impresses you because is among the few west Africans without horrible accent.
Watch Kenya presidential debate. Kenya is not west Africa JUNGLE.
Shma: am just trolling boy. Do you know Lagos is ten times bigger than the dwarf called accra ?.. Accra can't even come close to Abuja talkless of mombasa
Kenya is busy begging around the world like it has always done and strangled it economy in the process.
The financials of Kenya screams of corruption Ive never seen a country that broke.
Both Ghana and Nigeria always have money at their disposal from their own coffers because we dont used all our monies on consumption like Kenya.
That is why kenya is pant down broke
rvp20182: You know - a personal story - my father will scream he is broke - when he actually is about 10K dollars Liquid. A fool like you will scream broke..when he is on his last dollar.
Kenya is VERY PRUDENT - we don't need IMF to tell us - to stop borrowing (leveraging) and start refinancing.
Nigeria - you read their macro-economics and you want to cry.
As for Ghana - you're HOPELESS and HAVE ALWAYS BEEN SINCE 1961.
You don't even know MACRO_ECONOMICs or PRUDENCE - even if it hits your face. My friend 16 and now 17 bailouts.
rvp20182: The midget is worse than a drunkard - because any president who is travelled - who'd know Nairobi - before he present such a photo - as his BEYOND AID . The midget should have resigned for having small ambitions.
Uhuru is a graduate of Ivy League. Amherst College graduate. And can take your Nana midget so many circles while he is drunk.
Uhuru is not a match to NANA so i wont engage in that foolish convo
rvp20182: You actually think your fugly housing - can compare to world-class Nairobi residence maaaaaaajabu. Nairobi host many international org - and demand for world class housing and office space is met.
its not showing in your cement consumption.
Here we build world class housing for our citizens and not international organizations
rvp20182: How will Kenya be able to repay. My friend we borrow 6B dollars. We repay 6B dollars. That is gov external debt. So, in short, we borrow zero extra dollar. Kenya has very strong private sector....that outside South Africa is Africa biggest investor (leave Nigeria - outside Dangote & Banks) - so all those bring back hard currency. They are many other ways to earn hard currency. FDI for one.
Go and ask Kenyatta how he will be able to pay
why do you think ive been calling your country an unplayable debt ridden country?
Maybe those patriotism taxes from kenyatta will help.
Kenya cant find 2 billion to pay Tullow and you are here saying you pay 6 billion funny
Kenya private sector cant even support the kenyatta government with money to fight COVID
we've seen your FDI and it is the same as Ivory Coast
rvp20182: Where would Kenya get 15B dollars to fix the trade imbalance and yet have its currency very strong? The last time we had any forex controls was nearly 30yrs ago!!!!!!!!!!!!!!!!!!!
You know the difference btw the developed world and 3rd world countries? Many of developed don't export anything serious - but they've built sustainable well-diversified broad-based economies...mostly domestic economy.
very simple
by borrowing 10 billion dollars every year to support the currency.