News for hackers. Stuff that matters.
Re:Dividend Cripples Saudi Aramco by Karrot_Kream on Tuesday July 13, 2021 @08:02PM (#27827716)
> This took the total capital spending down from around US$40 billion to around US$25 billion. Further reports stated that even this US$25 billion figure was reduced by another US$5 billion, taking the total capital spending in the year from US$25 billion to US$20 billion. However, every second of every day of every month of every year - whatever Aramco does, whatever it sells, whatever it cancels, whatever it cuts back, however many people it sacks – the meter keeps on running, adding US$205 million every day

Notice the convenient change of units between billions and millions there which makes this seem much worse than it actually is. I also didn't realize Oilprice's bias, but seeing that change of units certainly warned me.

Re:Dividend Cripples Saudi Aramco by mioasndo on Tuesday July 13, 2021 @08:23PM (#27827908)
Well it goes from billion/year to million/day, which is actually closer to billion/year than billion/day. It's also a more natural way of writing it than $0.205 billion. I doubt they indented people to miss the change in units and assume aramco was losing $205 billion per day.
Re:Dividend Cripples Saudi Aramco by jsnell on Tuesday July 13, 2021 @08:18PM (#27827859)
The dividend "millions" are per day. The capital spending "billions" are per year. We'd already repeatedly been told that the dividends were 75 billion per year.
Re:Dividend Cripples Saudi Aramco by wavefunction on Tuesday July 13, 2021 @08:20PM (#27827883)
What would you have preferred, US$0.205 billion every day?