Besides that, it is a regime, and really, a nation, that is entirely predicated on petro-dollars. They have been fighting a price war against US/Canadian oil production, burning foreign currency reserves, in the hopes of setting back the clock. Unfortunately, the break-even point in the North Dakota and shale oil fields keeps going down[1].
[1] http://www.forbes.com/sites/rrapier/2016/02/29/the-break-eve...