The Saudis have a 10million bbl per day stream in the ~90mill world daily consumption
Switch from gaseoline to EV vehicles is predicted to be displaced by population growth ie consumption trend will rise, even with mass transportation change, as it will take time.
Their budget is based on much higher oil price. I read about that take on acting against EV market, probably some of it.
Their touted stance is against market erosion from usa, which is nonsense as that fraccing market can cycle up and down easy enough, its never going to go away forever with one price cyclical low; and protest against sunni Iran coming back
Then they announce floating their national company at a cyclical low oil price, whilst word in industry is decline of their main reservoir
Have to think they are hedged in all this, and not just throwing away everything
World capacity now is probably actual demand +20%, which is not a lot really, and at least if they float there should be more transparency on reservoir data in saudi
The link to graphite is the alternative energy market, and clean air, climate change etc. The prime movers, consumers, are usually socially conscious.
Zen graphite is as good as synthetic for Tesla's power packs? I'd love a solar panel, power wall system to supplement grid power
I'd really love another end user validation...company strategy looks more like a sell at this stage scenario to me given no share issue etc |
