An Important Message For Oilprice Members

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BB

You know you're at the top of the oil market when ARAMCO going to offer stock internationally. They want to cash out.

BLA in Oil (General)

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BLA    + 1,666

BB

(edited)

Not saying once the virus scare is over that oil doesn't go back to $60's maybe even $70 short term . . . . but electric vehicles , alternate energy , ESG (environmental, social governance) , natural gas replaces some oil uses , natural gas liquids replace  all oil as petrochem feedstock, etc  does not bode well for oil and all Petro-States.  

Not today, not tomorrow but sooner than most realize.

Too much oil

Too much  natural gas

Soon too much ethane ( 3 years ?) too much NGLs

SAIDIS CASHING OUT . . . IF ANYONE IN INTERNATIONAL MARKETS ARE INTERESTED ?

PS Where does ARAMCO stock price go when LOCKUP comes off in June ?

Edited by BLA

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