Goatseye on 29 April 2016
| Teeqoz said: I don't get who would even want to purchase a stake in ARAMCO by now. Oil is just set for a long painfully slow decline, and unlike some other oil companies that are preparing for this decline by investing in other areas, ARAMCO is still just as reliant on oil as Saudi-Arabia's economy... |
They have deposits to sustain their economy for another century. The problem is that they never prepared for post-oil glut from the West and oil sufficiency from Asian giants.
Everything is happening at a fast pace when shale oil technology is rapdly evolving and spreading worldwide.
