RE:RE:RE:Vitol ceo sees 70-80$ bbl oil in 2025:Saudi Arabia has a cost per barrel of 7 dollars to the port. They need to sell for 135 in order to support the entire country of non workers and meet their promises . Saudi citizens dont work at all . They may be employed but they drink tea ten times a day and then pray 2 times a day at work. Saudia did a study years ago and estinated that saudi citizens actually only worked 15 minutes a day.
If you want to become a Saudi Citizen and get in on the lottery you must have been resident for 10 consecutive years, ( all contracts toss you out before 5 ) and convert to islam among other things
Applying for Saudi Citizenship wannabebuffet wrote: 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.