Saudi Arabia undisturbed by falling oil prices
It has over US$750b in cash reserves, more than enough to stave off panic
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Riyadh
AHMED al-Ghaith pulled his Dodge Durango into a petrol station in central Riyadh and told the attendant to fill it up. In a country where petrol sells for 45 US cents a gallon, that cost him US$12.
With global oil prices plummeting, you might think people in Saudi Arabia, a nation synonymous with oil, where 90 per cent of government revenue comes from holes drilled in its majestically profitable sands, would be freaking out.
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