Saudi Arabia faces 'economic bomb' and hikes gas prices 50%

Discussions on the American political landscape and its participants, world events and defense policy.

Moderator: Site Admin

Post Reply
User avatar
RangerX
Ranger
Posts: 7042
Joined: May 4th, 2005, 9:08 am
Location: X Marks the Spot
Contact:

Saudi Arabia faces 'economic bomb' and hikes gas prices 50%

Post by RangerX »

Saudi Arabia is running out of money.

While the world's attention is focused on Saudi Arabia's latest flare up with Iran, many Saudis are concerned about the "economic bomb" at home. The government is slashing a plethora of perks for its citizens.

The cash crunch is so dire that the Saudi government just hiked the price of gasoline by 50%. Saudis lined up at gas stations Monday to fill up before the higher prices kicked in.

Full Story
C Co 3/75 88-90 (Just Cause)
124 MI(LRSD) 90-91 (Desert Storm)

Repeal the 16th, enforce the 10th.

ΜΩΛΩΝ ΛΑΒΕ

"I come in peace. I didn't bring artillery. But I'm pleading with you, with tears in my eyes: If you fuck with me, I'll kill you all." Gen. James Mattis

Panem Et Circenses

My safe space

Post Reply

Return to “News, Politics, and Policy”