Hello - we forgot to include it in the sources, but a lot of the information from this video (especially re: Aramco's origin story) comes from the book "Vision or Mirage" by David Rundell, which we'd really recommend it to anyone interested in Aramco or Saudi Arabia more generally. We're not paid to say this by the way - it's just a great book! Thanks for watching - Zac
Regurgitating mainsteam ecconomic propaganda does not make you clever, it makes you a moron. Biden dived into the USA oil reserves straight away while prices were low, at the same time as cutting U.S. oil production, then they had to pay top dollar after that... and gas prices doubled at the pump Biden has wrecked the U.S. ecconomy and you describe him, the blithering moron that he is, as "Clever" What does that make you?
Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a one Thousand % gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, SCHD, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my Six Figures, ever grateful to Graciela Lynne Schriewer my FA.
specially after their family just wasted trillions who could've been used to invest into cash generating assets enough for saudi arabia to have trillions in gdp by now
The number of times such claims were said about Saudi projects are numerous, but the Saudi government seems to get it right almost all the time. Same claims were said about SABIC, and now it's one of the biggest companies in thr world. Same was said about Saudi budget, and this year oil was 50% of Saudi government income. Same about education moving from simple huts to modern education system in 50 years. Same about war with Iraq and Yemen. Same with Biden's threats. Saudis have a great track recored showing how they successfully achieve what so called experts think are impossible.
Couple of corrections. The strategic oil reserve is not held in tanks. It's held in what are called Salt Diapirs which are naturally occurring salt caverns. Oil and water don't mix. To empty it up you pump in water and siphon the oil off the top. To fill it up you pump in oil and pump out water. It's always filled with water or oil or a mix. The reserve can be filled and emptied 3 times before it loses structural integrity. That's why it's not supposed to be used to trade. Salt caverns not tanks.
Hello TLDR Business, Can you please provide links to your studies or business / commercial statistics that you used to film your short youtube film about Aramco ? I'm interested to study further this entrepreneurial subject in my spare time after work and during weekends. Thanks in advance TLDR
OPEC is a tale as old as time; a group has a great thing going but gets too greedy and too aggressive, only to undermine the very thing that was working well.
Not really. OPEC (and especially OPEC+ and friends) have only ever colluded effectively to not increase output during low prices, a lot of the time most of the members only agree to not increase output and its only Saudi and a couple of others that actually decrease production. They are actually most effective and unified in the opposite case (i.e. agreeing to keep prices lower) by cutting their own stockpiles and opening the taps.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that can be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember years ago when I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely something I will consider! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
"Our analysis shows that investment in technology education, research and manufacture is the safest bet for the future." -- "No, lets build a long mirror in the desert that upper class people can live in."
I was like WTF? Make your country a technology power house. Then I read that the Saudi people don't work. Their government workers on average work and hour a day. This is coming from one of their directors. They also pay little in taxes. The project is so out of the world. It doesn't take a genius it will never happen, and be ten times their estimates. I am hoping it is a laundering scheme. Wonder what the average Saudi thinks.
@@adamsaciid4919 Here's what the international Köppen climate classification says about the entire area of futurely abandoned The Line project: Arid, desert, hot. Here's another quote: "At the time of high sun (summer), scorching, desiccating heat prevails. Hot-month average temperatures are normally between 29 and 35 °C (84 and 95 °F), and midday readings of 43-46 °C (109-115 °F) are common" Also, there's sand everywhere. I don't know about you, feels like a desert to me.
It's rich for OPEC to complain about other countries manipulating oil prices, when their entire purpose is to maximize revenue by manipulating oil prices.
@creditiscomplicated-sm3mh Because solar panels are "mostly" rectangular and need to rotate to chase the sun, most of the time a circle is not the most efficient layout. especially in Saudi Arabia, sand on the panels is a major issue and they need to be cleaned constantly. this makes a standard square or a rectangle as the best layout. sometimes a "solar" power plant dosent use panels but mirrors to concentrate light onto a single point to boil water, this would be the best choice for a circle.
Wouldnt make any sense. There is no way to transport solar energy cost effective, especially in comparison to oil. Green energy is so good and important because it makes a country less reliant on fossil fuels and allows price controlls. If u are in europe as a dutch company u can just export the energy, as such the market booms because of an endless demand. The saudis are surrounded by oil rich nations and as such they and their neighbors have enough cheap energy.
Thank you for sharing your insights and recommendations. It's great to explore various investment options, especially well-known companies like Unimantic that are gaining popularity. Adding different ventures to our portfolio can help reduce risks in unpredictable markets and give us a sense of security. It's crucial to evaluate investments carefully, considering our own preferences and how much risk we're comfortable with. I appreciate your valuable insights once again!
The petrodollar deal also died last week. Since the US keeps manipulating the price of oil, the Saudis started accepting other foreign currencies. The US dollar as the world currency is being challenged.
BRICS(Brazil, Russia, India, China, South Africa) is developing their own block chain currency to trade amongst themselves. It's backed by their own countries currency or resources. Saudi Arabia is joining them soon. The Saudis can trade their oil there. 25 other countries are on the wait list to join BRICS. A couple of years ago, BRICS Nation GDP surpassed the West. This war is about maintaining the current power structure. The West is being challenged.
3:50 Its tragic how rare examples like these are. It's the Saudis and Norway. It's like somehow all these leaders don't understand that oil companies fight back when there's contract breaches. Perhaps that says something about rule of law issues in these countries. And this should apply to any high-investment resource extraction.
1) It is a cartel, by definition. That's not even a subject to debate, it fits definition. 2) The world Cartel isn't even inherently bad, though Cartels usually are trying to achieve oligopoly, which, well - is bad. But it is narco business that made it look so evil
Btw, their recoverable oil reserves will definitely run out in the next 10-15 years. In the late 80s, opec members simply doubled their oil reserves on paper. So about 40% of their reserves don't exist. Plus no giant oilfields have been discovered in the last 50 years or so and exploitation of existing fields has been close to maximum. So it is only a matter of time before production stops for good.
I mean in my life we were supposed to run of oil in 1999, 2005, 2010, 2015, 2020 and 2025. Yet we are nowhere near running out. Saudi Arabia may run dry the easy-to-drill fields but certainly is very very far from running dry completely.
As far as I understand Antarctica holds more oil than what the Saudis ever had to begin with, but even if we don't consider the Antarctica treaties which makes that oil untouchable. The costs of extracting that oil would be astronomical due to the remote and harsh environment. Nevertheless it's there
@@TheDarkOneSC2 Drilling in Antarctica means either building on an ice sheet which is going to break up, fucking up the rig or waiting for the ice to melt and then starting. But if Antarctica melts we're fucked.
@@davidadebanjo1277 The end of the petro dollar deal is probably one of the biggest bits of economic news around Oil, Saudi Arabia and global trade in the last 50 years. It's definitely surprising to have this omission in a video about Aramco IMO.
When the world starts diversifying their currency reserve, all of that US dollars will come back to the US and increase inflation. That's what happened to weimar republic(germany) after WW1. They had all of this money being printed coming back to their economy and it caused everything to skyrocket in price. Remember those wheelbarrow full of money just to buy food?
What are they going to do with that? They don't have the natural resources that would be need to manufacture the renewable energy tech so they can't do that. There's only so much energy they (or their neighbors need) so where is the long term growth the country needs? I agree they need to diversify but they need something that the country and it's people can develop and keep going for decades/centuries.
@@nanoflower1 Saudi Arabia is a giant desert and has been sparsely populated so they don't have the infrastructure for manufacturing and engineering. But building a new network of transport links and new industries and finding appropriate markets would be much more realistic idea then whatever they are doing now. I personally believe with the unlimited funds of the Al Sauds and very low population density, they could easily build top level research facilities and world class universities making it a tertiary level power house which will also attract investments from major NGos for Research and Development.
China's dominance in the global renewable energy sector cannot be overlooked. With its advanced technology, large-scale production, and a workforce fueled by a population of 1.4 billion, China has positioned itself as a frontrunner in manufacturing solar panels and wind turbines. This not only allows for massive production capabilities but also ensures cost efficiency. What makes China stand out is its unique model of industrial capitalism, which places emphasis on government investments in infrastructure, education, and technology. This approach has resulted in remarkable advancements in renewable energy, thanks to the millions of STEM graduates that China produces annually. Their expertise has contributed to groundbreaking developments in solar power, energy storage, and smart grids, cementing China's position as a global leader in technology-driven industries. Moreover, China's strategic advantage lies in its role as the largest global trading partner and its significant trade surplus. This guarantees access to vital resources such as rare earth minerals, which are essential for renewable energy technologies. With control over 80% of the global rare earth supply chain, China has bolstered its global competitiveness and supply chain resilience. On the other hand, Saudi Arabia's focus on projects like Neom and diversifying away from oil encounters challenges when competing with China's well-established industrial capabilities. To bridge this gap, substantial investments in infrastructure, technology, and education are imperative.
@@washimpatwary1446 That was my thought to. I know one of their neighbors is doing that but I couldn't remember which one it was. (Qatar?) It's certainly the smartest use of their funds and is something I expect was part of the plan behind Neom.
@@nanoflower1 I am not sure. Well Qatar is doing quite well anyway. They invest their profit in their wealth fund. Considering their very small population, they already have a big enough wealth fund that might be able to run their country from the dividend payments. Well, it's another neighbour UAE became a tourist trap for rich people. Personally it's not my type of thing but it works I guess.
In 1000 years time people will joke about the line being the most wasteful and stupid idea in human history. Generations of architects, economists and engineers will fill libraries with books on how dumb it was.
I think the Egyptian pyramids top that, at least when it comes to being a total waste of generations of human resources. But you don't see people complain so much today about it, I guess these things grow on people.
i think you entirely misunderstand the scope of what will be created in 1000 years. the line won't be a joke because it was unfeasible. the line will be a joke because it will a cake walk to create vs the utltramega metropolis cities we will have on earth, the moon, mars, wherever we want. humans have a really bad time understanding perspectives like this, because all we have to go on is the present, and we don't understand how technological advances compound and become exponential. i would bet that in 50 years time, something like the line will exist in several places on earth. no shot that they won't be. AI will be super intelligent by that time. we will have a utopia or all simply be dead.
Fantastic...Powerful strategy!!! Thank you very much for the clear concise explanation!! You are a good person and the first I've come across without expecting any money from beginners like us who are already struggling providing for our families. God bless you.
Honestly, I think this concern is really overblown. Venezuela oil production is dying out, Russian oil has to take a ridiculously long route to reach its end markets, the green transition is 100% impossible at scale. Obviously the line is a wasteful investment, but Saudi Arabia has nothing if not a extreme amount of money to waste. The economic role for Saudi Arabian oil production will not disappear within the next century. Saudi Arabia's real concerns are security based. If Iran invades or if the next military power to come in force to middle east once America fully withdraws decides that the Saudi government isn't worth the hassle, then they're in trouble
@saiyedakhtar3931 not drying up so much but dying out as in the entire country has been in complete downfall and the oil rigs and fields are not being maintained well and they don't really have many buyers.
What makes you think the green transition is impossible at scale? If anything, scale is what makes it possible...thanks to scale, the price of wind and solar power decreased so sharply over just a few years that it's now competing and in many cases cheaper than the cheapest fossil fuels, and this is already reality before the transition even fully accelerated yet. Like the other dude said, what are you smoking?
@@FNA27601they have buyers they were just dumb enough to think they were gonna be able to have US oil companies build and pay for their oil production just for them to keep all the profits for themselves and kick out the US oil companies with giving them anything.
The IEA report quoted will be updated and corrected at some point in the future as seems to be the case with all of their recent forecasts. (Please check for yourself.) The IEA are not reporting actual, but much rather ideological scenarios. Much more trustworthy reporting is ironically stemming from OPEC, with their monthly World Oil Outlook free to download for everyone. Adjustments made by them are usually negligible but are still reported. Weaning the world off oil is proving to be very difficult as there are 100's of millions of people entering the middle class and they are starting to consume and travel more which means more consumption of oil derivatives. Don't forget that oil is not only providing us with energy, there are at least 7,000 other basic products that are directly derived from oil that cannot be replaced by electricity. Electricity provides energy, nothing else. It's not a replacement for oil.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel
She's recognized as 'Mrs Kiana rachel . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
The IEA has been claiming that oil demand will peak for over a decade now and it hasn't happened. Oil demand keeps "Exceeding expectations" and will likely continue doing so indefinitely.
@@adrianthoroughgood1191 What has the global demand(what we where talking about) done in that timeframe? Also has the quality of living gone up or down for middle class Europeans in this timeframe?
Have you heard about net zero emissions? Country with big population like China and India started to leave oil behind ( not all oil). The thing is the EV starting to rise, it would be a huge impact to oil industry, most oil countries will be in trouble
@ lol...when do you think China and India will achieve net zero emissions? Are you of the belief that they are farther down that path than the US? These types of changes take lifetimes to take place.
06:00 the smartest use of oil reserve so far because it means america's oil reserves would not be running out like other countries because they only use theirs to export to another countries and the fact that they only trade their oil when the oil price are high which means control in volume of drilling and maximization of profits and also having the ability to control the world's oil price specially considering the fact that the united states is fully dependent in oil imports which mean they did not just made billions in profits by flooding the market they'll also pay cheaper for the oil they imports a very genius move by the united states
I've been following your channel for a while now, and I have to say that your strategies are some of the most innovative and effective I've ever come across. Your ability to explain complex concepts in a simple way is truly impressive. Thank you for being such a great teacher and mentor.
@@Boababa-fn3mr It might have been fair to at least mention the earlier Saudi conquest of Hejaz since this video mentioned the income that Mecca generated.
Every month they send an update of how many corruptions they've found. I just got the text for last month 5 hours ago. They're investigating 382 government employees, and already found an additional 155 guilty. They crack down on them fast
6:07 So that's where all that Russian oil went during Covid. That's the money that was supposed to fund the Ukraine war, had it been over as quickly as Putin thought. This oil was cheap. Thirty pieces of silver cheap.
Ah smooth transition, yes... ignoring the fact that they kicked out the last independent auditors of oil levels in the 1980s and havent changed their estimates since.
It's an authoritarian state where they use slaves for work, and the second type of slaves (wifes) are worth less than the son's dog, so that's what you get I guess, shittalking well deseved.
Americans are now talking shit about Saudi Arabia because the Petrodollar deal is over, anyway Oil is not the future and will run out in a few centuries from now, the Saudi Government should diversify on Renewable energy sources and stop wasting billions on NEOM
Thanks for the update.I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, To be successful in markets, traders should understand the crossover between asset classes & liquidity flow.. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. Eunice Berthold I am improving my understanding of this whole world and making new big profits every week.
The De-dollarization means that USA and Europe will try their level best to go Electric and less depended on fossil-fuels. Moreove, East Asia region might also do the same.
The shift from fossil fuel is actually a good thing for oil producers. Shifting from oil doesn’t mean the demand for oil will evaporate you still gonna need all kinds of chemicals and plastics that I made using oil. The oil producers will lower the production to increase the price and get to keep their oil or longer.
@@petesmitt Not necessarily, top research in battery tech is not close to achieving energy densities or prices that are comparable and required for dense fuels used for high energy needs (like the ones you describe) but I follow the news about the edge of this technology closely and it seems to be only a matter of time. It's theoretically feasible, but practically we are not there yet, so research and time is needed, at least 15-20 years until we see a breakthrough for this application from the research I read. Meanwhile the rest of light transportation is already switching, it should accelerate in the coming years as new battery tech (LFP, LMFP, Sodium ion etc) comes to mass market and prices fall.
The Saudis swithching from the Dollar to the Chinese Yuan has been anounced as the end of the American Empire, maybe, firtst however will mean the end of the Saudi Kingdom.
Great to see a video explaining the history of Aramco... We wonder about the implications of the end of the Petrodollar for the Saudis and Aramco, it could have long-term effects on profits, as they now trade oil with other nations and receive payment in other currencies (including Gold)?
On the long run, when the world will finally wean off oil, they won't have a chance. They didn't manage to diversify, educate their population (or curb its massive growth), and their rule is ever more autocratic. The vanity projects are ridiculous and aimless - in short, look up what happened to Nauru...
Nearby countries Iran Iraq Bahrain not Libya..😅 All the profits are going to the government not Aramco, Aramco takes a little of that plus they have to pay the tax.
I have a few quibbles with the "origin story" segment, but the main one is the following: The fact that the countries that suddenly nationalized their oil industries and kicked out the Western engineers led to a shambles was not known at the time the Saudi-Aramco deal was done. The consequences of those rash decisions by the other countries took years to unfold, and obviously, Saudi Arabia could not read the future. What Saudi Arabia did have was a balanced, understated - dare I say - Bedouin cultural sensibility - similar to the fact that neighboring Abu Dhabi subsidizes the other Emirates to maintain the harmony of their project. Despite the label of extremism, there is a calm practicality to the Saudis. If I were an anthropologist, I might say that the historical need to conserve water in the desert fomented cultural traits that still serve them well in the modern world. However, part of what made them successful was also the inclusion of competent non-Royals to run things (Al-Naimi, Yamani, Bin Laden's father, etc.). There were always Royal glamour projects (I still remember Jubail), but the non-Royals could kind of keep things real. I fear that with things like NEOM, the royals; who have so many princes to employ now that non-Royals can't rise through the ranks as much anymore like before, will go full bore for these projects and destroy Saudi's wealth.
Standard oil Isn’t Chevron alone it was split into many companies including Exxon and Mobile which merged later on now Exxon mobile which is even a bigger player than chevron. I feel like you are invested in Chevron . 😂😂😂 . Please correct the info
The coverage is surface level. Nothing a lazy Google search wouldn’t cover in the first link that pops up. Not that I’m a fan of what’s going on there. However, it’s very easy and quick to find out that Aramco invests in its evolution. It’s probably one of the few companies in Saudi to take seriously. Do you really think they don’t know all this? Or do you think that the biggest company in the world knows this but just isn’t doing anything about it? Do you think no lessons were learnt when oil prices fell below the Saudi threshold and their economy basically tanked? It would be great if instead of this, people cover what they’re trying to do to address these issues and how reasonable or successful their plan is. Aramco is working hard on their digital infrastructure offering, has been for a while. They’re pivoting, they have the money to do so and they’ve been investing in it for a while too. Apparently there are other verticals they’re developing too. Just not aware of the others. It would be great if business journalists could do some thorough digging. Not that I think they will.
5:06 "The stone age did not end because we ran out of stones." This is the kind of smooth brained take of a pending crisis that is indicative of the saudi's blatant disregard or lack of understanding of how and why they are so wealthy. Hundreds of billions for one of the most ass headed construction projects in the last century is another indication. Its eye watering to think how this wasted money would change the lives of the regular people of saudi arabia but they'll never see a dime.
how is that quote smooth brained? when people find things better than the current thing they switch all applicable use cases to the new thing, like renewables for energy, ofc oil can't be replaced for other things but renewables becoming more cheap due to china will lead to decline in oil in future as countries move away from their dependence to it. This in in turn will lower the wealth of saudi from oil revenue so they need to diversify but yeh the mega project is just some crazy thing some dude just dreamt up lol, the leadership is really arrogant and them silencing criticism just means more money will be wasted
I appreciate the effort put into this video, but I’ve noticed that there might be some inaccuracies in the information presented. Additionally, the references provided do not seem to adequately support the claims made. Could we possibly get more precise data and stronger sources to enhance the credibility of this work?
The information provided in this video is very limited and seems based on minimal research. I've been following this TH-cam channel, believing it to be a reliable source of information, but this video about a company I know well has changed my mind. The research for this video appears biased and superficial. First, the IEA has consistently published misleading numbers, driven by a questionable agenda. A closer look at their reports reveals an overly optimistic portrayal of renewables and a pessimistic view of hydrocarbons, despite the fact that hydrocarbons still account for around 82% of the world's energy consumption. Although investment in renewables is growing, it remains slow and faces many challenges, including global conflicts. Now, regarding Aramco, it's clear that the demand for hydrocarbons will not disappear anytime soon; it may decrease in 5 to 10 years, but the current decline in investment in this sector is likely to cause a supply drop that outpaces the drop in demand, leading to higher commodity prices. This scenario positions Aramco as a strong player in the energy market. Furthermore, Aramco is evolving from an oil company to a comprehensive energy company, investing heavily in solar and hydrogen projects. It's disappointing that this video portrays Aramco as struggling, based on just two to four minutes of weak information.
It's actually the opposite. The IEA has consistently underestimated the growth of renewables and always had to correct itself up. By 2030 most cars sales will be electric vehicles and after that we have a 25 year long phaseout of cars with internal combustion engines. This will demolish the demand for oil by 2050-2060.
Saudies didnt renew their petrodollar deal with the US and now they'll get the same fate as the ones who did that in the past (Iran,Irak,Syria,Libya,Venezuela, China). Didnt know the US gov ran YT channels as well...
In my humble view, it is the economic model widely used that is the problem. Financialization of every business, and everything for profit, is not a sustainable endeavor. Our present system of economic development has turned the most dignified profesions into common merchants, and essential businesses into disfunctional financial wrecks, whilst the standard of living has constantly droped!! Something has to give...
@@j3i2i2yl7the explaination is that they have not replenished anything and have long lost any effectiveness in controlling oil prices. This is a known from multiple sources. Not sure where they got their info that somehow drawing from emergency reserves was a great idea.
We are still using wood to heat our homes, have we moved far from the Stone Age? IMO not too far, and the next major carrington event from our sun will show us 😊
Dude, your arguments are against Aramco, but if you research more and make your arguments in favor, you'll see that Saudi is better off now as the petro-dollar agreement has ended.
92 $B Cash on hand. Plus untapped financing opportunities. In a 1 T$ economy and that doesn’t include things like SABIC, fertilizer production. ARAMCO will be just fine. The move from crude oil to higher value added petroleum products may actually mean more efficiency and profits in the long run.
People said that about US oil dominance back in the early 20th century. How things change back and forth is amazing. Now, the US is the largest oil producer in the world.
Electric cars get cheaper every year while gas cars get more expensive. The model y already charges in 15 minutes. In a few years it’ll be 5. Soon nobody is going to want a car that costs 3 times as much to fuel, goes slower, is less reliable, more expensive up front AND to maintain. It’s over for oil. It’s only going to be needed for old cars, planes, and shipping. That is until they figure out how to do those with alternate means as well.
@@metsfanal the problem is model y needs 60 kg of lithium. Currently its estimated that we have a total of 22 million tons of lithium reserves. So we can only produce 400 million cars max. But 1.2 billion cars are on road currently and will only increase. At current consumption rate, there are 49 years of oil left. You do the math. Oil is here to stay. But usa will run out of its oil in 9 years. So, oil price is going to go even further up.
@@metsfanal yeah and will take 100 years to get the charging infrastructure ready. Don't get me wrong, I have Tesla shares, not many but I believe in EV
@@Directlite664 lithium is different than oil, once you burn the oil it’s gone, the lithium in car batteries can be used over and over. And they are finding new lithium and new ways to get it, pulling it from Salton seawater for example. Self driving cars will change the whole car paradigm. Many people will do without a car if a computer chauffeur drives them around for the price they’d be paying for gas if they bought their own. If this happens, the number of cars needed would drop dramatically.
Hello - we forgot to include it in the sources, but a lot of the information from this video (especially re: Aramco's origin story) comes from the book "Vision or Mirage" by David Rundell, which we'd really recommend it to anyone interested in Aramco or Saudi Arabia more generally. We're not paid to say this by the way - it's just a great book!
Thanks for watching - Zac
Hi, is it possible to ask you guys to make a video about the termination of “Petrodollar” in the near future? Thx in advance
@@soul18700Sure. Right after they make a video about the impending bio-engineering of Tyrannosaurus Rexes and Pegasuses.
Whenever a country does not play by USA rules,TLDR says it is going bust.LOL.
Regurgitating mainsteam ecconomic propaganda does not make you clever, it makes you a moron.
Biden dived into the USA oil reserves straight away while prices were low, at the same time as cutting U.S. oil production, then they had to pay top dollar after that... and gas prices doubled at the pump
Biden has wrecked the U.S. ecconomy and you describe him, the blithering moron that he is, as "Clever"
What does that make you?
@@RaviKiran-uq8np For example, by building "The Line"?
Many seasoned investors understand that an investor must be both a dividend and a growth investor. For instance, if I managed to make a one Thousand % gain on Tesla and then pulled 85% of the profit out and decided to invest it in a lot of more stable dividend stocks like CVX, SCHD, I would say diversify, but also use those growth opportunities to build capital to invest in dividend payers (or in cash flowing real estate). This is how I made my Six Figures, ever grateful to Graciela Lynne Schriewer my FA.
Truly Stocks, ETFs and Mutual funds are the best investment decision you can make both short term and long term for steady money flow. Kudos!!
i feel i downplayed the role of FA's in the past.. now actively looking to get one.
"The Stone Age did not end because we ran out of stones." goes unnecessarily hard
Frrr
specially after their family just wasted trillions who could've been used to invest into cash generating assets enough for saudi arabia to have trillions in gdp by now
"The Line" is the dumbest thing ever thought up. MBS is just flushing billions down the drains. 😂
I’ve heard a lot of stories of foreign engineers coming into the country to work on the line. Doing the bare minimum and getting paid insane amounts.
It will be a successful project
Socialists love those huge and useless projects
no..... theyre preparing for a zombie apocalypse 😆😆😂😂🤣🤣
The number of times such claims were said about Saudi projects are numerous, but the Saudi government seems to get it right almost all the time.
Same claims were said about SABIC, and now it's one of the biggest companies in thr world. Same was said about Saudi budget, and this year oil was 50% of Saudi government income. Same about education moving from simple huts to modern education system in 50 years. Same about war with Iraq and Yemen. Same with Biden's threats. Saudis have a great track recored showing how they successfully achieve what so called experts think are impossible.
Couple of corrections. The strategic oil reserve is not held in tanks. It's held in what are called Salt Diapirs which are naturally occurring salt caverns. Oil and water don't mix. To empty it up you pump in water and siphon the oil off the top. To fill it up you pump in oil and pump out water. It's always filled with water or oil or a mix. The reserve can be filled and emptied 3 times before it loses structural integrity. That's why it's not supposed to be used to trade. Salt caverns not tanks.
Also I don't believe they're actually pumping this oil. I'm pretty sure its just option trading. The DoE was selling the reserve prior to this refill
@@smalltime0 Exactly. Options and futures trading.
@@smalltime0that’s very clever, trade with the backing a real oil but don’t pump anything.
@@smalltime0 Still they sold like 150 million barrels in 2022 and only bought back a fraction of that.
Hello TLDR Business,
Can you please provide links to your studies or business / commercial statistics that you used to film your short youtube film about Aramco ?
I'm interested to study further this entrepreneurial subject in my spare time after work and during weekends.
Thanks in advance TLDR
These projects have not been entirely successful? That's a little bit like saying the first voyage of the titanic was a tad uncomfortable.
British understatement 😊
I mean it was a little humid and cold, quite uncomfortable for sure.
The fact that it didn't quite make the trip was quite a small inconvenience.
A bit bumpy. Could use with some less moisture. And heating is not really up to standard.
LOL
OPEC is a tale as old as time; a group has a great thing going but gets too greedy and too aggressive, only to undermine the very thing that was working well.
Yup robbing everyone else esp. Poor country
Foreshadowing for BRICS aka authoritarian club lmao
Not really. OPEC (and especially OPEC+ and friends) have only ever colluded effectively to not increase output during low prices, a lot of the time most of the members only agree to not increase output and its only Saudi and a couple of others that actually decrease production. They are actually most effective and unified in the opposite case (i.e. agreeing to keep prices lower) by cutting their own stockpiles and opening the taps.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life
Trading in Bitcoin now is the wisest thing to do now especially beginner....
Trading without professional guide...Huh I laugh you, because you will remain where you are or even make huge losses that will stop you from trading, this has been one of the biggest problem to new traders
You're right! I have lost a lot trading all by myself without a guide. It's been an uneasy ride for me. Who is your mentor please. how can i reach her i really need help in this bear market now?
I know someone who can help you Olivia Brown
There is her whats Apk line👇
3:16 Iraq, Syria, Libya, Yemen and Sudan... Where have I heard this list before??🤔🤔
list of countries the west has destroyed.
That's the CIA's kill list.
Iran was also on that list
Iraq, destroyed check
Syria, destroyed check
Yemen, destroyed check
Sudan, civil war, being destroyed, check
They all ditched dollars for a short period and somehow millions died. Saudi will neve-
I feel investors need to be focus on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go here out of devastation.
I agree that there are strategies that can be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember years ago when I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k
This is definitely something I will consider! think you could suggest any professional/advisors i can get on the phone with? I'm in dire need of proper portfolio allocation
Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.
"Our analysis shows that investment in technology education, research and manufacture is the safest bet for the future."
-- "No, lets build a long mirror in the desert that upper class people can live in."
Isn't that what London is?
@@WheresMyCurryAt Londons not in a desert yet, will be eventually if we dont stop climate change though
@@WhichDoctor1 and neom isn't dessert also
I was like WTF? Make your country a technology power house.
Then I read that the Saudi people don't work. Their government workers on average work and hour a day. This is coming from one of their directors.
They also pay little in taxes.
The project is so out of the world. It doesn't take a genius it will never happen, and be ten times their estimates.
I am hoping it is a laundering scheme. Wonder what the average Saudi thinks.
@@adamsaciid4919 Here's what the international Köppen climate classification says about the entire area of futurely abandoned The Line project: Arid, desert, hot.
Here's another quote: "At the time of high sun (summer), scorching, desiccating heat prevails. Hot-month average temperatures are normally between 29 and 35 °C (84 and 95 °F), and midday readings of 43-46 °C (109-115 °F) are common"
Also, there's sand everywhere. I don't know about you, feels like a desert to me.
It's rich for OPEC to complain about other countries manipulating oil prices, when their entire purpose is to maximize revenue by manipulating oil prices.
maybe solar panel line would have more worth the try
Don't need to a line of anything. Hexagon is the best
@creditiscomplicated-sm3mh Because solar panels are "mostly" rectangular and need to rotate to chase the sun, most of the time a circle is not the most efficient layout. especially in Saudi Arabia, sand on the panels is a major issue and they need to be cleaned constantly. this makes a standard square or a rectangle as the best layout. sometimes a "solar" power plant dosent use panels but mirrors to concentrate light onto a single point to boil water, this would be the best choice for a circle.
The fecking desert is still an awful location for it.
Dust can degrade panels fast.
@@azpont7275It's not like they can't stabilize the ground with straw grids.
Wouldnt make any sense. There is no way to transport solar energy cost effective, especially in comparison to oil.
Green energy is so good and important because it makes a country less reliant on fossil fuels and allows price controlls.
If u are in europe as a dutch company u can just export the energy, as such the market booms because of an endless demand.
The saudis are surrounded by oil rich nations and as such they and their neighbors have enough cheap energy.
Thank you for sharing your insights and recommendations. It's great to explore various investment options, especially well-known companies like Unimantic that are gaining popularity. Adding different ventures to our portfolio can help reduce risks in unpredictable markets and give us a sense of security. It's crucial to evaluate investments carefully, considering our own preferences and how much risk we're comfortable with. I appreciate your valuable insights once again!
The petrodollar deal also died last week. Since the US keeps manipulating the price of oil, the Saudis started accepting other foreign currencies. The US dollar as the world currency is being challenged.
Except that nobody freaking wants any others.
Saudi Riyal is still pegged to the USD though, so those other currencies will be changed to USD..
two more weeks until the petro dollar dies
BRICS(Brazil, Russia, India, China, South Africa) is developing their own block chain currency to trade amongst themselves. It's backed by their own countries currency or resources. Saudi Arabia is joining them soon. The Saudis can trade their oil there. 25 other countries are on the wait list to join BRICS. A couple of years ago, BRICS Nation GDP surpassed the West. This war is about maintaining the current power structure. The West is being challenged.
Bro OPEC has been manipulating the price of oil for decades
3:50
Its tragic how rare examples like these are. It's the Saudis and Norway. It's like somehow all these leaders don't understand that oil companies fight back when there's contract breaches. Perhaps that says something about rule of law issues in these countries.
And this should apply to any high-investment resource extraction.
Westerners calling OPEC “cartels” when they are literal colonizers will forever be hilarious
1) It is a cartel, by definition. That's not even a subject to debate, it fits definition.
2) The world Cartel isn't even inherently bad, though Cartels usually are trying to achieve oligopoly, which, well - is bad. But it is narco business that made it look so evil
Btw, their recoverable oil reserves will definitely run out in the next 10-15 years. In the late 80s, opec members simply doubled their oil reserves on paper. So about 40% of their reserves don't exist. Plus no giant oilfields have been discovered in the last 50 years or so and exploitation of existing fields has been close to maximum. So it is only a matter of time before production stops for good.
Nah
True for all producing oil fields.
I mean in my life we were supposed to run of oil in 1999, 2005, 2010, 2015, 2020 and 2025. Yet we are nowhere near running out. Saudi Arabia may run dry the easy-to-drill fields but certainly is very very far from running dry completely.
As far as I understand Antarctica holds more oil than what the Saudis ever had to begin with, but even if we don't consider the Antarctica treaties which makes that oil untouchable.
The costs of extracting that oil would be astronomical due to the remote and harsh environment.
Nevertheless it's there
@@TheDarkOneSC2 Drilling in Antarctica means either building on an ice sheet which is going to break up, fucking up the rig or waiting for the ice to melt and then starting. But if Antarctica melts we're fucked.
Absolutely no mention of the end of the Petro dollar deal
How is this relevant to this video?
@@davidadebanjo1277 The end of the petro dollar deal is probably one of the biggest bits of economic news around Oil, Saudi Arabia and global trade in the last 50 years. It's definitely surprising to have this omission in a video about Aramco IMO.
Seismic changes in monetary regimes are underway.
Long BTC
Exactly. This is nothing more than a western hit piece, nothing of value or substance was said that was not known before
lol that what i thought, it's just western propaganda 😂😂
Saudi Aramco and OPEC is why we need more EVs and charging infrastructure
Or that’s why we need to open the market to Chinese cheap EVs to pave the way. But our leaders would rather make Musk the 1st trillionaire.
@@darthjarjar5309 Moving away from oil also means the US dollar becomes worthless. Thats why they dont want that.
You guys seem to have a very vague defenition of “Crisis”
my dad's personal close friend, worked for Chevron, he retired, 50 ... They do pay a good wage
If you have no qualms about burning down the planet for money I guess.
*did*
Are you not liking the fact that the Saudis just ditched Petro-dollar?
Came to the comments specifically to see if anyone had mentioned this; surprised the video omitted this extremely pertinent and timely fact.
When the world starts diversifying their currency reserve, all of that US dollars will come back to the US and increase inflation. That's what happened to weimar republic(germany) after WW1. They had all of this money being printed coming back to their economy and it caused everything to skyrocket in price. Remember those wheelbarrow full of money just to buy food?
Saudi government and princes should just diversify their economy with renewable energy technology instead wasting probably trillions on Neom 🤨
What are they going to do with that? They don't have the natural resources that would be need to manufacture the renewable energy tech so they can't do that. There's only so much energy they (or their neighbors need) so where is the long term growth the country needs? I agree they need to diversify but they need something that the country and it's people can develop and keep going for decades/centuries.
@@nanoflower1 Saudi Arabia is a giant desert and has been sparsely populated so they don't have the infrastructure for manufacturing and engineering. But building a new network of transport links and new industries and finding appropriate markets would be much more realistic idea then whatever they are doing now. I personally believe with the unlimited funds of the Al Sauds and very low population density, they could easily build top level research facilities and world class universities making it a tertiary level power house which will also attract investments from major NGos for Research and Development.
China's dominance in the global renewable energy sector cannot be overlooked. With its advanced technology, large-scale production, and a workforce fueled by a population of 1.4 billion, China has positioned itself as a frontrunner in manufacturing solar panels and wind turbines. This not only allows for massive production capabilities but also ensures cost efficiency.
What makes China stand out is its unique model of industrial capitalism, which places emphasis on government investments in infrastructure, education, and technology. This approach has resulted in remarkable advancements in renewable energy, thanks to the millions of STEM graduates that China produces annually. Their expertise has contributed to groundbreaking developments in solar power, energy storage, and smart grids, cementing China's position as a global leader in technology-driven industries.
Moreover, China's strategic advantage lies in its role as the largest global trading partner and its significant trade surplus. This guarantees access to vital resources such as rare earth minerals, which are essential for renewable energy technologies. With control over 80% of the global rare earth supply chain, China has bolstered its global competitiveness and supply chain resilience.
On the other hand, Saudi Arabia's focus on projects like Neom and diversifying away from oil encounters challenges when competing with China's well-established industrial capabilities. To bridge this gap, substantial investments in infrastructure, technology, and education are imperative.
@@washimpatwary1446 That was my thought to. I know one of their neighbors is doing that but I couldn't remember which one it was. (Qatar?) It's certainly the smartest use of their funds and is something I expect was part of the plan behind Neom.
@@nanoflower1 I am not sure. Well Qatar is doing quite well anyway. They invest their profit in their wealth fund. Considering their very small population, they already have a big enough wealth fund that might be able to run their country from the dividend payments. Well, it's another neighbour UAE became a tourist trap for rich people. Personally it's not my type of thing but it works I guess.
All that money, all that desert and all that sunshine, maybe build a massive solar farm and battery plant to eletrolyse hydrogen for fuel cells.
actually they are doing now
@@adamsaciid4919 They are doing as much as France did before surrendering in WW2, aka basically nothing.
you see they start by building a giant mirror in the desert...
???
profit?
And what are they going to do with that energy exactly? Power their oil refineries? Mine crypto?
@@PhthaloJohnson Power their existing infrastructure. Sell the power to their neighbors.
In 1000 years time people will joke about the line being the most wasteful and stupid idea in human history. Generations of architects, economists and engineers will fill libraries with books on how dumb it was.
Good new, you don't have to wait that long! Plenty architects, economists and engineers have already released video essays on it ^^
@@getnohappy exactly, not sure how he came up with 10 centuries. Yt comments are always entertaining.
1000 years?10 years would be enough time to criticized such descision.
I think the Egyptian pyramids top that, at least when it comes to being a total waste of generations of human resources. But you don't see people complain so much today about it, I guess these things grow on people.
i think you entirely misunderstand the scope of what will be created in 1000 years. the line won't be a joke because it was unfeasible. the line will be a joke because it will a cake walk to create vs the utltramega metropolis cities we will have on earth, the moon, mars, wherever we want. humans have a really bad time understanding perspectives like this, because all we have to go on is the present, and we don't understand how technological advances compound and become exponential. i would bet that in 50 years time, something like the line will exist in several places on earth. no shot that they won't be. AI will be super intelligent by that time. we will have a utopia or all simply be dead.
Such videos were predictable after Saudi Arabia dropped the petrodollar.
Fantastic...Powerful strategy!!! Thank you very much for the clear concise explanation!! You are a good person and the first I've come across without expecting any money from beginners like us who are already struggling providing for our families. God bless you.
Honestly, I think this concern is really overblown. Venezuela oil production is dying out, Russian oil has to take a ridiculously long route to reach its end markets, the green transition is 100% impossible at scale. Obviously the line is a wasteful investment, but Saudi Arabia has nothing if not a extreme amount of money to waste. The economic role for Saudi Arabian oil production will not disappear within the next century. Saudi Arabia's real concerns are security based. If Iran invades or if the next military power to come in force to middle east once America fully withdraws decides that the Saudi government isn't worth the hassle, then they're in trouble
Venezuelan oil production is drying up? What are you smoking?
@saiyedakhtar3931 not drying up so much but dying out as in the entire country has been in complete downfall and the oil rigs and fields are not being maintained well and they don't really have many buyers.
What makes you think the green transition is impossible at scale? If anything, scale is what makes it possible...thanks to scale, the price of wind and solar power decreased so sharply over just a few years that it's now competing and in many cases cheaper than the cheapest fossil fuels, and this is already reality before the transition even fully accelerated yet. Like the other dude said, what are you smoking?
@@FNA27601they have buyers they were just dumb enough to think they were gonna be able to have US oil companies build and pay for their oil production just for them to keep all the profits for themselves and kick out the US oil companies with giving them anything.
@@FNA27601Venezuela is under sanctions
The IEA report quoted will be updated and corrected at some point in the future as seems to be the case with all of their recent forecasts. (Please check for yourself.) The IEA are not reporting actual, but much rather ideological scenarios.
Much more trustworthy reporting is ironically stemming from OPEC, with their monthly World Oil Outlook free to download for everyone. Adjustments made by them are usually negligible but are still reported.
Weaning the world off oil is proving to be very difficult as there are 100's of millions of people entering the middle class and they are starting to consume and travel more which means more consumption of oil derivatives.
Don't forget that oil is not only providing us with energy, there are at least 7,000 other basic products that are directly derived from oil that cannot be replaced by electricity. Electricity provides energy, nothing else. It's not a replacement for oil.
This seems like the worst period. Even the market are now very unpredictable. Started investing recently when the market prices were a bit high,today I am more than 60% down!
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to kiana rachel
I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.
How can someone know a professional broker when legit once are hard to find this days
She's recognized as 'Mrs Kiana rachel . One of the finest portfolio managers in the field. She's widely recognized; you should take a look at her work.
I agree. Based on personal experience working with an investment advisor, I currently have $1m in a well diversified portfolio, that has experienced exponential growth. It is not about having money to invest in stocks,but also you need to be knowledgeable, persistent, and have strong hands to back it up.
Green energy will not put a DENT in Aramco's profits . There is more demand for oil than production capacity.
The IEA has been claiming that oil demand will peak for over a decade now and it hasn't happened. Oil demand keeps "Exceeding expectations" and will likely continue doing so indefinitely.
Oil demand in Europe peaked around 20 years ago.
@@adrianthoroughgood1191 What has the global demand(what we where talking about) done in that timeframe? Also has the quality of living gone up or down for middle class Europeans in this timeframe?
Have you heard about net zero emissions? Country with big population like China and India started to leave oil behind ( not all oil). The thing is the EV starting to rise, it would be a huge impact to oil industry, most oil countries will be in trouble
@ lol...when do you think China and India will achieve net zero emissions? Are you of the belief that they are farther down that path than the US? These types of changes take lifetimes to take place.
06:00 the smartest use of oil reserve so far because it means america's oil reserves would not be running out like other countries because they only use theirs to export to another countries and the fact that they only trade their oil when the oil price are high which means control in volume of drilling and maximization of profits and also having the ability to control the world's oil price specially considering the fact that the united states is fully dependent in oil imports which mean they did not just made billions in profits by flooding the market they'll also pay cheaper for the oil they imports
a very genius move by the united states
I've been following your channel for a while now, and I have to say that your strategies are some of the most innovative and effective I've ever come across. Your ability to explain complex concepts in a simple way is truly impressive. Thank you for being such a great teacher and mentor.
When you factor in inflation oil prices are pritty low currently. $50 Got you a lot more in the grocery store in 2000 than now for instance.
Current oil worth 20$ a barrel compared to 2000.
Just imagine how much food will cost when oil catches up with inflation....
Saudi Arabia was founded in 1932 is somewhat glossing over the Imperial hand behind the restructuring of Greater Arabia (the Levant).
True but not important for this video, there are other videos covering that subject
@@Boababa-fn3mr It might have been fair to at least mention the earlier Saudi conquest of Hejaz since this video mentioned the income that Mecca generated.
You can only imagine how much financial fraud happens in Saudi Aramco.
Not really. Aramco is efficient in their spending, every cent is accounted for
Every month they send an update of how many corruptions they've found. I just got the text for last month 5 hours ago. They're investigating 382 government employees, and already found an additional 155 guilty. They crack down on them fast
@@talal-alqahtaniThese westerners think every other country in the world is corrupted and fraudulent.
@@talal-alqahtaniI’m sure you’re the accountant of Saudi Aramco.
damn the channel deleted my comment. i forgot what it was but i did get a reply notification
Stone age didn't end because we ran out of stone 😂
6:07 So that's where all that Russian oil went during Covid. That's the money that was supposed to fund the Ukraine war, had it been over as quickly as Putin thought. This oil was cheap. Thirty pieces of silver cheap.
4:50 you say oil demand will peak , this will result in higher prices not lower , simple supply and demand
Not as demand falls after the peak.
He probably means AFTER demand peaks, and starts falling, THEN prices will consistently be going lower over the years
Ah smooth transition, yes... ignoring the fact that they kicked out the last independent auditors of oil levels in the 1980s and havent changed their estimates since.
now the shittalking about saudi arabia begins🤣
Shittalking Saudi is like shittalking a open pit toilet.
Yes
It's an authoritarian state where they use slaves for work, and the second type of slaves (wifes) are worth less than the son's dog, so that's what you get I guess, shittalking well deseved.
Dumping petrodollar, what do you expect? US trolls.
Petrodollar is over. Invest in Yen
Americans are now talking shit about Saudi Arabia because the Petrodollar deal is over, anyway Oil is not the future and will run out in a few centuries from now, the Saudi Government should diversify on Renewable energy sources and stop wasting billions on NEOM
Thanks for the update.I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, To be successful in markets, traders should understand the crossover between asset classes & liquidity flow.. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. Eunice Berthold I am improving my understanding of this whole world and making new big profits every week.
She is regarded as a genius in her area and works for Empower Financial Services.She is well knowledgeable about financial markets.
I am impressed by the way expert Eunice Berthold conducts business and makes statements. And I really like her quick answer
How can I participate in this? Like how do I contact this adviser please?
she often interacts on Telegrams, using the user name
Thanks heaps.
The De-dollarization means that USA and Europe will try their level best to go Electric and less depended on fossil-fuels.
Moreove, East Asia region might also do the same.
Aramco has a ton of money and they could invent a bit of it into solar and then produce liquid hydrogen and sell that
Love your content TLDR. Keep up the good work.
The shift from fossil fuel is actually a good thing for oil producers. Shifting from oil doesn’t mean the demand for oil will evaporate you still gonna need all kinds of chemicals and plastics that I made using oil. The oil producers will lower the production to increase the price and get to keep their oil or longer.
Oil will still be needed for ships, planes, trains and heavy trucks; only light vehicles are changing.
How is it a good thinking, your basically saying when demand drop profit will rise
@@petesmitt Not necessarily, top research in battery tech is not close to achieving energy densities or prices that are comparable and required for dense fuels used for high energy needs (like the ones you describe) but I follow the news about the edge of this technology closely and it seems to be only a matter of time. It's theoretically feasible, but practically we are not there yet, so research and time is needed, at least 15-20 years until we see a breakthrough for this application from the research I read. Meanwhile the rest of light transportation is already switching, it should accelerate in the coming years as new battery tech (LFP, LMFP, Sodium ion etc) comes to mass market and prices fall.
@@maximusasauluk7359
No chance I'd ever fly on a BE plane..
Chevron only? From Standard Oil? You forgot the other fragments of Standard Oil.
*Standard Oil of California
buddy you weren't paying attention
Getty oil were there too.
Rockefellers
Cope Harder TLDR LapDog!!
It's worth mentioning that Saudi Aramco is still the most profitable company in the world and this is not going to change in the next decade
The Saudis swithching from the Dollar to the Chinese Yuan has been anounced as the end of the American Empire, maybe, firtst however will mean the end of the Saudi Kingdom.
how?
6:22
He is not replenishing anything. Where are you getting this from?
Wow, you're a perfect scalper, that white line really helps me to understand where the trade is going. You're an absolute beast at trading!
Very informative. Grear content and visual representation. Keep it up
Great to see a video explaining the history of Aramco... We wonder about the implications of the end of the Petrodollar for the Saudis and Aramco, it could have long-term effects on profits, as they now trade oil with other nations and receive payment in other currencies (including Gold)?
On the long run, when the world will finally wean off oil, they won't have a chance. They didn't manage to diversify, educate their population (or curb its massive growth), and their rule is ever more autocratic. The vanity projects are ridiculous and aimless - in short, look up what happened to Nauru...
OPEC forecasts peak demand by 2030. Global EV mandates, aging populations, and automation will limit oil consumption.
You forgot to mention climate change....the elephant in the room. These countries may become uninhabitable from heat.
I love all your strategies, I'm a big fan of yours and I'm a member of your private club. thank you for your help
Nearby countries Iran Iraq Bahrain not Libya..😅
All the profits are going to the government not Aramco, Aramco takes a little of that plus they have to pay the tax.
I have a few quibbles with the "origin story" segment, but the main one is the following: The fact that the countries that suddenly nationalized their oil industries and kicked out the Western engineers led to a shambles was not known at the time the Saudi-Aramco deal was done. The consequences of those rash decisions by the other countries took years to unfold, and obviously, Saudi Arabia could not read the future.
What Saudi Arabia did have was a balanced, understated - dare I say - Bedouin cultural sensibility - similar to the fact that neighboring Abu Dhabi subsidizes the other Emirates to maintain the harmony of their project. Despite the label of extremism, there is a calm practicality to the Saudis.
If I were an anthropologist, I might say that the historical need to conserve water in the desert fomented cultural traits that still serve them well in the modern world. However, part of what made them successful was also the inclusion of competent non-Royals to run things (Al-Naimi, Yamani, Bin Laden's father, etc.).
There were always Royal glamour projects (I still remember Jubail), but the non-Royals could kind of keep things real. I fear that with things like NEOM, the royals; who have so many princes to employ now that non-Royals can't rise through the ranks as much anymore like before, will go full bore for these projects and destroy Saudi's wealth.
1:11 Wrong flags for Iran and Iraq for the time.
Standard oil
Isn’t Chevron alone it was split into many companies including Exxon and Mobile which merged later on now Exxon mobile which is even a bigger player than chevron. I feel like you are invested in Chevron . 😂😂😂 . Please correct the info
I wonder what effect the new oil pipeline in Canada will have?
None. These are all late-stage investments in an obsolete technology that will hardly amortize themselves.
The coverage is surface level. Nothing a lazy Google search wouldn’t cover in the first link that pops up. Not that I’m a fan of what’s going on there. However, it’s very easy and quick to find out that Aramco invests in its evolution. It’s probably one of the few companies in Saudi to take seriously. Do you really think they don’t know all this? Or do you think that the biggest company in the world knows this but just isn’t doing anything about it? Do you think no lessons were learnt when oil prices fell below the Saudi threshold and their economy basically tanked? It would be great if instead of this, people cover what they’re trying to do to address these issues and how reasonable or successful their plan is. Aramco is working hard on their digital infrastructure offering, has been for a while. They’re pivoting, they have the money to do so and they’ve been investing in it for a while too. Apparently there are other verticals they’re developing too. Just not aware of the others. It would be great if business journalists could do some thorough digging. Not that I think they will.
If Iran's oil comes to market price will be halved in a jiffy
Use American produced oil 🇺🇸
I prefer homemade electrons.
5:06 "The stone age did not end because we ran out of stones."
This is the kind of smooth brained take of a pending crisis that is indicative of the saudi's blatant disregard or lack of understanding of how and why they are so wealthy. Hundreds of billions for one of the most ass headed construction projects in the last century is another indication. Its eye watering to think how this wasted money would change the lives of the regular people of saudi arabia but they'll never see a dime.
how is that quote smooth brained? when people find things better than the current thing they switch all applicable use cases to the new thing, like renewables for energy, ofc oil can't be replaced for other things but renewables becoming more cheap due to china will lead to decline in oil in future as countries move away from their dependence to it. This in in turn will lower the wealth of saudi from oil revenue so they need to diversify
but yeh the mega project is just some crazy thing some dude just dreamt up lol, the leadership is really arrogant and them silencing criticism just means more money will be wasted
The second point - no wonder the Saudi's have just dedollarised just last week.
This channel is so underrated. What can we do to boost?
zero details ...bunch of superficial nonsense ....dont waste your time
I appreciate the effort put into this video,
but I’ve noticed that there might be some inaccuracies in the information presented. Additionally,
the references provided do not seem to adequately support the claims made.
Could we possibly get more precise data and stronger sources to enhance the credibility of this work?
The information provided in this video is very limited and seems based on minimal research. I've been following this TH-cam channel, believing it to be a reliable source of information, but this video about a company I know well has changed my mind. The research for this video appears biased and superficial.
First, the IEA has consistently published misleading numbers, driven by a questionable agenda. A closer look at their reports reveals an overly optimistic portrayal of renewables and a pessimistic view of hydrocarbons, despite the fact that hydrocarbons still account for around 82% of the world's energy consumption. Although investment in renewables is growing, it remains slow and faces many challenges, including global conflicts.
Now, regarding Aramco, it's clear that the demand for hydrocarbons will not disappear anytime soon; it may decrease in 5 to 10 years, but the current decline in investment in this sector is likely to cause a supply drop that outpaces the drop in demand, leading to higher commodity prices. This scenario positions Aramco as a strong player in the energy market.
Furthermore, Aramco is evolving from an oil company to a comprehensive energy company, investing heavily in solar and hydrogen projects. It's disappointing that this video portrays Aramco as struggling, based on just two to four minutes of weak information.
It's actually the opposite. The IEA has consistently underestimated the growth of renewables and always had to correct itself up. By 2030 most cars sales will be electric vehicles and after that we have a 25 year long phaseout of cars with internal combustion engines. This will demolish the demand for oil by 2050-2060.
Saudies didnt renew their petrodollar deal with the US and now they'll get the same fate as the ones who did that in the past (Iran,Irak,Syria,Libya,Venezuela, China). Didnt know the US gov ran YT channels as well...
You sound like you are on the side of the states
How does the end of the petrol dollar factor into this?
In my humble view, it is the economic model widely used that is the problem. Financialization of every business, and everything for profit, is not a sustainable endeavor. Our present system of economic development has turned the most dignified profesions into common merchants, and essential businesses into disfunctional financial wrecks, whilst the standard of living has constantly droped!!
Something has to give...
Very informative, very humble, keep up the awesome videos. I will follow you ,I liked this trading nice very good very interesting
FJB!!! You think the world are going to move away from oil . Not another 100 year plus.
It's already happening. Oil demand is dropping
Your guidance has given me the confidence to keep working on my trading skills
iraq, yemen, libya, syria. huh. interesting list.
Aramco isn’t a company it’s a country.
The Line is my personal favourite 😂
Thank you for simplifying the concept of trading binary options, your video was informative and easy to follow.
Any updates on the large oil reserves in Turkana, Kenya?
Completely wrong on the SPR buying and selling prices.
Explain please.
@@j3i2i2yl7the explaination is that they have not replenished anything and have long lost any effectiveness in controlling oil prices.
This is a known from multiple sources. Not sure where they got their info that somehow drawing from emergency reserves was a great idea.
No Dollar 💵. 😂😂😂 No Crisis.
The West now must earn money to buy oil 🛢. Not print. 😂😂😂
its funny easy come easy go, penniless before 1920s and now they the richest, but they got too greedy and now i hope it backfires.
Any reason GDP values from years ago (e.g., the Great Depression) are not provided in current value for better conceptualization?
Nicely cut BUT very sensationalistic
Seems that a certain narrative is being pushed as the Saudis aren't renewing the 50 year or so deal with the USA for oil being sold in USD.
So the talk anout not trading with $ now your channel does a slander how convenient
i think he means 700 billion in revenue.
Why do you have so many spam comments?
We are still using wood to heat our homes, have we moved far from the Stone Age? IMO not too far, and the next major carrington event from our sun will show us 😊
Dude, your arguments are against Aramco, but if you research more and make your arguments in favor, you'll see that Saudi is better off now as the petro-dollar agreement has ended.
I have been following your recommendations for quite some time now and getting excellent results. Thank you for sharing your knowledge.
92 $B Cash on hand. Plus untapped financing opportunities. In a 1 T$ economy and that doesn’t include things like SABIC, fertilizer production. ARAMCO will be just fine. The move from crude oil to higher value added petroleum products may actually mean more efficiency and profits in the long run.
Where have you been? The cash is drying up. The Saudis are now floating bonds.
In 50 years we will be having the same convo, don't worry, there is more than enough oil
People said that about US oil dominance back in the early 20th century. How things change back and forth is amazing. Now, the US is the largest oil producer in the world.
Electric cars get cheaper every year while gas cars get more expensive. The model y already charges in 15 minutes. In a few years it’ll be 5. Soon nobody is going to want a car that costs 3 times as much to fuel, goes slower, is less reliable, more expensive up front AND to maintain. It’s over for oil. It’s only going to be needed for old cars, planes, and shipping. That is until they figure out how to do those with alternate means as well.
@@metsfanal the problem is model y needs 60 kg of lithium. Currently its estimated that we have a total of 22 million tons of lithium reserves.
So we can only produce 400 million cars max. But 1.2 billion cars are on road currently and will only increase.
At current consumption rate, there are 49 years of oil left. You do the math. Oil is here to stay.
But usa will run out of its oil in 9 years. So, oil price is going to go even further up.
@@metsfanal yeah and will take 100 years to get the charging infrastructure ready. Don't get me wrong, I have Tesla shares, not many but I believe in EV
@@Directlite664 lithium is different than oil, once you burn the oil it’s gone, the lithium in car batteries can be used over and over. And they are finding new lithium and new ways to get it, pulling it from Salton seawater for example.
Self driving cars will change the whole car paradigm. Many people will do without a car if a computer chauffeur drives them around for the price they’d be paying for gas if they bought their own. If this happens, the number of cars needed would drop dramatically.