Quote Originally Posted by Pat Vegas View Post
I do wonder what the oil producing countries and large companies have to think about it.
The Saudi’s are already in trouble. Even their sovereign wealth funds are dwarfed by those around them and whatever revenues they can generate won’t be enough to offset their oil income collapse. They’re already in a new pissing contest with Putin over the oil price collapse.
I’m no expert but places like Dubai have been savvy enough to diversify away from oil towards tourism and other platforms but this looks a far trickier option for the old crown Prince now he’s aware that he’ll soon need to start capping those wells.