But they get the money by having a much higher oil price. Saudi needs oil to be $106 a barrel to balance it's budget, up from in the $50s in 2010. You can't pump your way to profit, that's why OPEC operated as a cartel, though recently that seems to have gone out the window.

Saudi pumping the amount it does drives down the price of oil. They have massive amounts of money so can last for a few years running the kind of deficits are now, though not forever. The question is why they are keeping the price artificially low.

Do they? Please provide source...