Re:Saudi Aramco Is the WeWork of Energy with Pulled IPO
by dahdum on Monday October 21, 2019 @09:26AM
(#21311969)
They can’t afford to manipulate the market effectively, they may have the lowest production costs but they’ve already spent / allocated the profits.
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Re:Saudi Aramco Is the WeWork of Energy with Pulled IPO
by babayega2 on Monday October 21, 2019 @10:07AM
(#21312393)
Indeed. That idea that they can manipulate the market easily is based on some data they have only access. I forgot a paper I saw one month ago speculating on the true capacity of SA production... The 11 billion baril per day is not a truly verified number. Beside, Aramco "is thought" to be financing all the rich life of the more than 4k princes in SA. So imagine the finances and budgeting of Aramco. It's though to be a hellish of...