Saudi's Other Crisis - Zawya ht @alifarabia

Forget Arab Spring. If Saudi Arabia's spending patterns and economic policies don't change, it could be staring at a breakeven oil price of an astonishing $320 a barrel by 2030, says Jadwa.

With $562-billion in net foreign asset, the second largest oil reserves in the world after Venezuela (according to the latest Opec bulletin), and the second largest oil output in the world after Russia - Saudi Arabia's future looks rosy and solid.

Indeed, Saudi Arabia has been able to soothe internal tensions and even manage external ones by tapping into its vast reserves thanks to a copious flow of funds streaming through its coffers as oil prices remain in triple figures.

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