Saudi budget breakeven now >$100/bbl

Via The Oil and the Glory (which I've started to read, but really needs to get an RSS feed, because my tolerance for random e-mails that disrupt my carefully metered information diet is limited), the Institute of International Finance has calculated that after taking into account the $130 billion in "largesse" that Saudi King Abdullah has announced to preempt potential unrest, the oil price at which the Saudi budget breaks even has risen from $68 to $88/bbl. That is a scarily high number, and I don't know to what extent that factors in the volume volatility that comes from being OPEC's (and the world's) swing producer. There is clearly embedded risk and uncertainty, even to that threshold.