Oil’s dramatic price fall has sent shock waves through many Middle Eastern economies. Generous fuel and food subsidies have been slashed, new taxes introduced, and social benefits axed. The years when oil cost $100 a barrel and generated $1 trillion do…
from http://www.wbaltv.com/money/cheap-oil-hits-middle-east-budgets-we-can-no-longer-provide-for-everything/38558264
via http://baltimorecheckbook.tumblr.com/post/141195143347
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