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I'm fairly certain the rest of the world would be happy to exchange cash for oil or oil for cash.
by tw04 10y ago
I'm fairly certain the rest of the world would be happy to exchange cash for oil or oil for cash.
- Gibbon1 10y agoSaudi Arabia doesn't have any real way to earn cash except by selling oil. There is the whole Mecca thing, but that's it.
- tw04 10y agoI'm not sure what part of this you're not getting. They're selling off a small stake of the state-owned oil company to diversify how they make money. They'll use the remaining money + new income from the corporations they'll build/buy to import oil. This isn't a hard concept to follow.