Saudi dominance of oil market to fade by 2020

Over the next five years Saudi will be confronted by multiple problems that will squeeze its share of the global oil market

Ali

Social spending will certainly impact the government's abilities to meet its financial obligations as oil prices or reserves take a dip. That leaves the government with two options:1) cut social spending and force people to depend on themselves, maybe pay taxes as well and 2) continue with the current commitments of social spending and find alternatives to fund deficits.

The first option is certainly going to ignite the public and call for demonstration while the 2nd option will aggregate the burden on public finance and eventually would force the government to take measures such as currency devaluation and other unpleasant quick fixes. This in turn will ignite further public anger and demonstration.

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