Stock Market News5 days Saudi Arabia’s 11.1 M Daily Barrels Underwrite a $74.8 B War Chest—That’s About $18 of Defense Muscle for Every Barrel It Pumps in a Year 24/7 Wall St.
It’s no secret that countries with outsized oil production maintain an advantage over other countries. This typically translates to more economic and military power. Nations like the United States or Saudi Arabia produce millions of barrels of crude oil every day, and they are also home to some of the strongest militaries on the planet. […]
The post Saudi Arabia’s 11.1 M Daily Barrels Underwrite a $74.8 B War Chest—That’s About $18 of Defense Muscle for Every Barrel It Pumps in a Year appeared first on 24/7 Wall St..