Kuwait will have exhausted all its oil savings by 2017 if it keeps on spending money at the current rate, the International Monetary Fund said in a report published on Tuesday.
The IMF, which held a regular consultation with the OPEC member state in the last two weeks of April, said Kuwait would not be able to save oil receipts into its future generations fund.
Not sure what all that means or how it will affect us directly but according to my Magic 8 Ball, the outlook doesn?t seem good. [Link]
May 16, 2012
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