RE:RE:Vitol ceo sees 70-80$ bbl oil in 2025:Certainly a good point and likely correct.
The Saudi's are planning to borrow money to build their dream city as current oil prices do not cover their annual budget.
The plan for the dream city is to "diversify" their economy.
To my thinking why would a country with 38 billion barrels of oil in one field need to "diversify" their economy?
I read one Saudi Prince saying "my grandfather rode a camel, my father drove a Buick, I drive a Mercedes, my grandson will likely ride a camel".
Good chance that will come true.
Luckily TVE has a brilliant future.
We are lucky, and perhaps a bit perceptive, to be part of such a valuable company as Tamarack.