Saudi Arabia is a country, not a company. Oil is used to pay for everything, and they need oil to be around $106 to balance their budget. http://graphics.wsj.

Saudi Arabia is a country, not a company. Oil is used to pay for everything, and they need oil to be around $106 to balance their budget. http://graphics.wsj.com/lists/opec-meeting http://graphics.wsj.com/lists/opec-meeting If oil fell to $20 for any significant amount of time, there would be serious political strife in Saudi Arabia.