• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 4 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 23 hours The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 1 hour Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 23 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 1 day Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 9 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 1 day "The Hidden Story About California's Container Ship Backlog" via Corbett Report
  • 19 hours Storage of gas cylinders
  • 3 days Two Good and Plausible Ideas about Saving Water and Redirecting it to Where it is Needed.
Dan Dicker

Dan Dicker

Dan Dicker is a 25 year veteran of the New York Mercantile Exchange where he traded crude oil, natural gas, unleaded gasoline and heating oil…

More Info

Is The Aramco IPO Inevitable?

The Saudi government said it would halt their plans for an IPO of their State-owned Saudi Aramco oil company, in charge of virtually all Saudi energy assets.

This changes everything.

It was my belief that the entirety of Saudi strategy for the last several years revolved around the monetization of the Saudi oil assets, or at least a valuation of them in a small percentage IPO offering.

Indeed, proceeding with the outlines of the vast Saudi Vision 2030 plan required a cash flow for investment in education, infrastructure and trade that only a financial diversification from the singular oil assets in Saudi Arabia could provide. Once the inevitability of the Aramco IPO is brought into doubt, that whole plan becomes suspicious as well.

And that changes the way that we likely should perceive young prince Mohammed bin Salman. The two schools of thought of the young prince were either that he was a modern progressive voice, gaining firm control of the Saudi government in order to drive religious and social progress on the old Wahhabi culture that has dominated the Kingdom for generations - a drive to 21st century modernism. The other casts MbS as a young tyrant, taking advantage of the outlines of Saudi Vision 2030 merely to consolidate power. Indeed, crackdowns against opposing factions to the prince in Saudi Arabia are growing more widespread and the Saudis have also recently picked an unusual fight with Canada over human rights statements that normally…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News