>>1019885 It'll start doing well, then get fucked by Saudi Arabia again. They can sell bank notes and also go into 16 trillion dollars in debt before this is over and they'll still be financially better off than the US.
>>1019891 >they'll still be financially better off than the US. A diversified economy of 330million+ with a VARIED abundance of natural resources vs a nation which imports virtually all of its Labour force and only exports oil.
Don't tell me they're in a better financial position than the USA if they had that level of debt.
>>1019907 >their work ethic stinks. This is a valid point, they're essentially third world unskilled laborers but raised like spoiled children. Combine that with the fact that they have beheadings over religion and you've got the worst of every society all rolled into one.
They're currently trying to push competitors as well as renewable technologies out of the market. That means they're running a deficit which they have to get out of within a couple of years or crash their entire economy, due to the reasons stated in other posts. HOWEVER, Iran is currently sitting on a fuckton of oil and recently got their sanctions lifted. My guess would be that once SA is forced to increase their prices again or crash, Iran simply has to flood the market to really fuck SA over (you know, because of Shia-Sunni conflict). This means that the oil price should stay this low for the forseeable future (i.e. couple of years).
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