That's it. We are going to know what reserves they have. This means how big the supply is. The total supply does not dictate the supply side of what drives the price, production capacity and output decides that.
But anyway the market will surely do something I think.
This will also affect the renawable industry, the renewable bubble (that has not started yet). Maybe Tesla too.
Do we need to work on renewables right away or do we have 5000 years worth of reserves to work it out? (Might be the next ice age by then reee).
Maybe I'm overestimating the impact it will have.
If the country has infinite ressources of decomposed dinosaurs and plankton then renewables are only interesting to people afraid rising co2 levels poses a danger to plants & animals.
Other than that I don't see a reason to invest in companies like Tesla (I also don't see reason even considering that but that's another story).
Aramco released a prospectus Saturday, providing further information but without revealing the precise size of its planned share offering.
Saudi Aramco said the process begins Nov. 17 and closes Dec. 4.
For fun, here are the top 10 world companies by revenue, you might notice a couple of them operate in the Oil & Gas sector:
Here are the 10 top companies by profit:
I've been waiting a while for this IPO.
Valuation is expected to be between 1 and 3 trillion. More than Apple either way.
But anyway the market will surely do something I think.
This will also affect the renawable industry, the renewable bubble (that has not started yet). Maybe Tesla too.
Do we need to work on renewables right away or do we have 5000 years worth of reserves to work it out? (Might be the next ice age by then reee).
Maybe I'm overestimating the impact it will have.
If the country has infinite ressources of decomposed dinosaurs and plankton then renewables are only interesting to people afraid rising co2 levels poses a danger to plants & animals.
Other than that I don't see a reason to invest in companies like Tesla (I also don't see reason even considering that but that's another story).
Aramco released a prospectus Saturday, providing further information but without revealing the precise size of its planned share offering.
Saudi Aramco said the process begins Nov. 17 and closes Dec. 4.
For fun, here are the top 10 world companies by revenue, you might notice a couple of them operate in the Oil & Gas sector:
Here are the 10 top companies by profit:
I've been waiting a while for this IPO.
Valuation is expected to be between 1 and 3 trillion. More than Apple either way.