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Since the Kingdom 'bought out' the Seven Sisters Aramco has effectively been nationalized. The company is a the primary source of revenue to the Saudi government. But having interest free money from commodity fund managers would have allowed more of the cash from oil sales to go into the sovereign wealth fund, and it is out of that fund that Saudi Arabia is financing the shortfalls that occur from the current drop in oil prices, for which they seem particularly responsible. The question goes to Saudi motives.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sat Jan 3rd, 2015 at 12:07:38 PM EST
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