Saudi Arabia & OPEC – oil is becoming so last century
The much vaunted ‘privatisation’ of Saudi Aramco has failed to come anywhere near reaching its target, with the modest sums raised barely covering the Kingdom’s fiscal deficit for six months. It was supposed to fund Crown Prince MBS’s Vision 2030 plan to break oil addiction and diversify into everything from car plants to weapons production. With the climate backlash mounting, electric cars coming down in price and shale showing no signs of a downturn, the o
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