Saudi Arabia: From a peak of $281.4bn in 2008, the Kingdoms oil revenues will dive to nearly $134.2bn in 2009 before rebounding to around $164bn in 2010, the Saudi American Bank (Samba) said in a study.
Iran: In 2007 Iran’s estimated income from exports was US$76.5 billion (free on board—f.o.b.), 85 percent of which came from petroleum and natural gas, which ends up at $65 billion for oil and gas.
The CIA says Iran used to export 2.8 million bbl/day of oil. It also says Saudi Arabia exports 8.2 million bbl/day.
So, to compare the 2 countries; At $50/bbl, that would be 51.1 billion dollars a year for Iran, and 149.7 billion dollars a year for Saudi Arabia. But as we saw above, the price is not stable at $50/bbl.
These figures are not current.
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The primary threat to global peace and prosperity is oil-funded nuclear proliferation. Well, all the other blog names were taken. Plus other stuff. Possibly kittens.
Understand The Problem
Many in the West are concerned about Radical Islam. But the elements of this have been around for a long time. The trigger for the recent Clash of Civilizations, as some call it, is not just ideology. Plenty of people all over the world want to force their will on others.
The trigger is the river of oil money flowing into undeveloped, rather backward societies, in the oil patch.
The trigger is the river of oil money flowing into undeveloped, rather backward societies, in the oil patch.
Visualize The Problem
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