Saudi Aramco’s Looming Crisis Explained

[@TLDRbusiness]

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

[@soul18700]

Hi, is it possible to ask you guys to make a video about the termination of “Petrodollar” in the near future? Thx in advance

[@venanziadorromatagni1641]

@@soul18700Sure. Right after they make a video about the impending bio-engineering of Tyrannosaurus Rexes and Pegasuses.

[@RaviKiran-uq8np]

Whenever a country does not play by USA rules,TLDR says it is going bust.LOL.

[@crashnreset6987]

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?

[@-vz-]

@@RaviKiran-uq8np For example, by building "The Line"?

[@agbarugo]

"The Stone Age did not end because we ran out of stones." goes unnecessarily hard

[@DaddyM7MD]

Frrr

[@Wasnt-1]

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

[@Naomiakins-x2p]

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.

[@Claireellis-l7o]

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!!

[@KarlJ.Vanhoose]

i feel i downplayed the role of FA's in the past.. now actively looking to get one.

[@JackPaul-vs3bq]

"The Line" is the dumbest thing ever thought up. MBS is just flushing billions down the drains. 😂

[@porkypine602]

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.

[@Hasanaljadid]

It will be a successful project

[@visitante-pc5zc]

Socialists love those huge and useless projects

[@porkyvonchop6458]

no..... theyre preparing for a zombie apocalypse 😆😆😂😂🤣🤣

[@aalhaidari]

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.

[@kevinbarry71]

These projects have not been entirely successful? That's a little bit like saying the first voyage of the titanic was a tad uncomfortable.

[@daszieher]

British understatement 😊

[@dmitryburlakov6920]

I mean it was a little humid and cold, quite uncomfortable for sure.

[@Toshinben]

The fact that it didn't quite make the trip was quite a small inconvenience.

[@Secret_Moon]

A bit bumpy. Could use with some less moisture. And heating is not really up to standard.

[@shirolee]

LOL

[@brendansherry8737]

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.

[@smalltime0]

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

[@eudofia]

@@smalltime0 Exactly. Options and futures trading.

[@edc1569]

@@smalltime0that’s very clever, trade with the backing a real oil but don’t pump anything.

[@anonnotyobizness7915]

@@smalltime0 Still they sold like 150 million barrels in 2022 and only bought back a fraction of that.

[@opreadumitru1]

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

[@todo9633]

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.

[@CultureCrossed64]

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.

[@FM-kl7oc]

"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."

[@WheresMyCurryAt]

Isn't that what London is?

[@WhichDoctor1]

@@WheresMyCurryAt Londons not in a desert yet, will be eventually if we dont stop climate change though

[@adamsaciid4919]

@@WhichDoctor1 and neom isn't dessert also

[@dianapennepacker6854]

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.

[@maximusasauluk7359]

@@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.

[@getnohappy]

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.

[@eddyr1041]

Yup robbing everyone else esp. Poor country

[@maximusasauluk7359]

Foreshadowing for BRICS aka authoritarian club lmao

[@smalltime0]

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.

[@alexsteven.m6414]

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.

[@bernisejedeon5888]

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

[@edelineguillet2121]

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

[@fresnaygermain8180]

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

[@edelineguillet2121]

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.

[@valeriepierre9778]

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.

[@prasant427]

maybe solar panel line would have more worth the try

[@RandomPerson-tz7wk]

Don't need to a line of anything. Hexagon is the best

[@edwxx20001]

@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.

[@azpont7275]

The fecking desert is still an awful location for it. Dust can degrade panels fast.

[@jameschristophercirujano6650]

​@@azpont7275It's not like they can't stabilize the ground with straw grids.

[@hbt739]

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.

[@Avenger19111]

3:16 Iraq, Syria, Libya, Yemen and Sudan... Where have I heard this list before??🤔🤔

[@MrCoolubi]

list of countries the west has destroyed.

[@easycompany7463]

That's the CIA's kill list.

[@Boababa-fn3mr]

Iran was also on that list

[@Kirsehirli1453]

Iraq, destroyed check Syria, destroyed check Yemen, destroyed check Sudan, civil war, being destroyed, check

[@Directlite664]

They all ditched dollars for a short period and somehow millions died. Saudi will neve-

[@Sirclassic]

Aramco has a ton of money and they could invent a bit of it into solar and then produce liquid hydrogen and sell that

[@CoraCarr-j2n]

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

[@JeffKeller-ut8gc]

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!

[@todo9633]

You can only imagine how much financial fraud happens in Saudi Aramco.

[@talal-alqahtani]

Not really. Aramco is efficient in their spending, every cent is accounted for

[@Ammarx1]

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

[@jafaralie683]

@@talal-alqahtaniThese westerners think every other country in the world is corrupted and fraudulent.

[@ArendJanV]

@@talal-alqahtaniI’m sure you’re the accountant of Saudi Aramco.

[@Ammarx1]

damn the channel deleted my comment. i forgot what it was but i did get a reply notification

[@keymot1491]

Westerners calling OPEC “cartels” when they are literal colonizers will forever be hilarious

[@juliuszkocinski7478]

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

[@willardSpirit]

Saudi government and princes should just diversify their economy with renewable energy technology instead wasting probably trillions on Neom 🤨

[@nanoflower1]

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.

[@washimpatwary1446]

@@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.

[@shuma3401]

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.

[@nanoflower1]

@@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.

[@washimpatwary1446]

@@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.

[@Dorgpoop]

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.

[@getnohappy]

Good new, you don't have to wait that long! Plenty architects, economists and engineers have already released video essays on it ^^

[@Truther945]

@@getnohappy exactly, not sure how he came up with 10 centuries. Yt comments are always entertaining.

[@natsumidesu8019]

1000 years?10 years would be enough time to criticized such descision.

[@freddy4603]

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.

[@BigHotSauceBoss69]

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.

[@rusm5710]

Stone age didn't end because we ran out of stone 😂

[@issiewizzie]

my dad's personal close friend, worked for Chevron, he retired, 50 ... They do pay a good wage

[@MultiMenvafan]

If you have no qualms about burning down the planet for money I guess.

[@JoeShmo4]

*did*

[@thetrustysidekick3013]

The US trading oil to stabilize prices and stop it from going up higher is such a good move.

[@amolloh]

Such videos were predictable after Saudi Arabia dropped the petrodollar.

[@BoredomIncarnate1]

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.

[@adamsaciid4919]

actually they are doing now

[@maximusasauluk7359]

@@adamsaciid4919 They are doing as much as France did before surrendering in WW2, aka basically nothing.

[@smalltime0]

you see they start by building a giant mirror in the desert... ??? profit?

[@PhthaloJohnson]

And what are they going to do with that energy exactly? Power their oil refineries? Mine crypto?

[@Toshinben]

@@PhthaloJohnson Power their existing infrastructure. Sell the power to their neighbors.

[@JoanBachner]

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.

[@VancouverVince]

Saudi Aramco and OPEC is why we need more EVs and charging infrastructure

[@darthjarjar5309]

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.

[@rami8896]

​@@darthjarjar5309 Moving away from oil also means the US dollar becomes worthless. Thats why they dont want that.

[@Ashermicheal6341]

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!

[@Lucas75332]

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

[@liammateo287]

I agree just reached my goal of $500k monthly trade earnings. Setting realistic goals is an essential part of trading.

[@Ashermicheal6341]

How can someone know a professional broker when legit once are hard to find this days

[@Lucas75332]

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.

[@philipbenson746]

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.

[@cesaravegah3787]

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.

[@adamsaciid4919]

how?

[@jethsemane]

Saudi may hold lots of oil but its leaders have no strategic or business skills. That will be their downfall

[@kp5602]

You guys seem to have a very vague defenition of “Crisis”

[@0xCAFEF00D]

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.

[@petervince167]

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.

[@deeptoot1453]

Nah

[@johnrose813]

True for all producing oil fields.

[@NuSpirit_]

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.

[@TheDarkOneSC2]

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

[@hurrdurrmurrgurr]

@@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.

[@TimothyJevonLieander]

Are you not liking the fact that the Saudis just ditched Petro-dollar?

[@Just4Growers]

Came to the comments specifically to see if anyone had mentioned this; surprised the video omitted this extremely pertinent and timely fact.

[@PrecursorYang]

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?

[@PrecursorYang]

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.

[@petesmitt]

Saudi Riyal is still pegged to the USD though, so those other currencies will be changed to USD..

[@trickyrichard]

two more weeks until the petro dollar dies

[@PrecursorYang]

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.

[@MrCorky911]

Bro OPEC has been manipulating the price of oil for decades

[@PrecursorYang]

@personzorz That's why they are building a common currency via block chain technology to trade amongst themselves. It's backed by their own local currency and resources. The Saudis are joining them soon, with 25 other countries looking to join. BRICS surpassed the West in terms of GDP years ago. The West empire is falling. A falling empire never goes down without a fight. Ever. Just look at the Dutch empire, the English, etc. Empire rise, empire falls.

[@AlvaroValdez-p4m]

Very informative, very humble, keep up the awesome videos. I will follow you ,I liked this trading nice very good very interesting

[@Sirbikingviking]

Absolutely no mention of the end of the Petro dollar deal

[@davidadebanjo1277]

How is this relevant to this video?

[@superchimp]

@@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.

[@neilpatton7174]

Seismic changes in monetary regimes are underway. Long BTC

[@user-lq5yx1ke5k]

Exactly. This is nothing more than a western hit piece, nothing of value or substance was said that was not known before

[@NadDew]

lol that what i thought, it's just western propaganda 😂😂

[@topev7864]

The Stone Age did not end because we run out of Stone but because we discover iron.

[@RobertojavierSilvaharth-ub3pz]

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...

[@kroatoaneight-four]

Chevron only? From Standard Oil? You forgot the other fragments of Standard Oil.

[@AnnieAreYouWokeEh]

*Standard Oil of California

[@chudchadanstud]

buddy you weren't paying attention

[@Kodakcompactdisc]

Getty oil were there too.

[@thunder881]

Rockefellers

[@SnazzBot]

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.

[@warriordx5520]

Current oil worth 20$ a barrel compared to 2000.

[@Twystedwhizard]

Just imagine how much food will cost when oil catches up with inflation....

[@marlinjarv4979]

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.

[@solustv-wow4533]

now the shittalking about saudi arabia begins🤣

[@MultiMenvafan]

Shittalking Saudi is like shittalking a open pit toilet.

[@EPITAPH13]

Yes

[@maximusasauluk7359]

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.

[@fredrikbergquist5734]

Dumping petrodollar, what do you expect? US trolls.

[@rimacalid6557]

Petrodollar is over. Invest in Yen

[@RajbirBhattacharjee]

"Western managers were kicked out as soon as possible" Not quite true. For example, in Iran, the Iranian government wanted Western workers to stay and gave them a lot of perks. However, the British government made sure that they left despite those perks. The employees even sabotaged plants before the left, and the British refused to supply Iran with replacement parts essential for maintenance. It really is time people stopped repeating those tropes without any qualifications. Discussing the failure of, say Yemen, without discussing colonial and geopolitics related sabotage is myopic. This is not to say that all of the blame lies with ex-colonial countries, but a lot of it depended on whether the said country was pro-Europe/pro-America or not.

[@theplayerofus319]

Sabotage of Western facilitles with western tech and western replacement parts. Sucks i guess if you suck😂

[@Wasnt-1]

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

[@mrawesomnable]

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]

Oil demand in Europe peaked around 20 years ago.

[@mrawesomnable]

​@@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?

[@phucnhahuynh4477]

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

[@mrawesomnable]

@ 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.

[@AdastraRecordings]

Saudi Arabia was founded in 1932 is somewhat glossing over the Imperial hand behind the restructuring of Greater Arabia (the Levant).

[@Boababa-fn3mr]

True but not important for this video, there are other videos covering that subject

[@seneca983]

@@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.

[@robbietitus]

Very informative. Grear content and visual representation. Keep it up

[@katjahorvat6995]

Thank you for simplifying the concept of trading binary options, your video was informative and easy to follow.

[@onyedikachukwumiracle]

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

[@bgandjsco1]

Green energy will not put a DENT in Aramco's profits . There is more demand for oil than production capacity.

[@Ammarx1]

Saudi announced this week that all oil productions only consist of 29% of the country's total production.

[@lepidoptera9337]

Yes, because the remainder is a money flow multiplier. To make oil you have to pay employees. Those employees rent or buy homes, buy food, are sending their kids to school who need textbooks etc.. All of that adds to the GDP, but it relies heavily on the primary money flow engine, which is oil.

[@Ammarx1]

@@lepidoptera9337 That's true, but the non oil produce made up 50% of production in 2023.

[@lepidoptera9337]

@@Ammarx1 OK, but take the oil as a cheap chemical source for those products away, does KSA have a viable business model as a chemistry powerhouse? No, it does not. They have one other underutilized resource, which is solar energy. They will have to start developing that soon.

[@Ammarx1]

@@lepidoptera9337 saudi has many other natural produce. dates, minerals, meats, etc.

[@IngebergOllivierre]

I have been following your recommendations for quite some time now and getting excellent results. Thank you for sharing your knowledge.

[@nasis18]

Love your content TLDR. Keep up the good work.

[@davianoinglesias5030]

They don't even have to build silly projects like Neom, all they have to do is liberalise their laws and tourists and investors will start flowing in

[@arndbrack2339]

i'm not sure it is that simple. and the conclusion to me sounds quite optimistic

[@rami8896]

Thats the problem with dictatorships, that path to them would seem like a step that would remove them from power. So they would rather double down on a sinking ship than switch to a successful plan that could threaten their power. The good news about it is that they will eventually get the Gaddafi treatment once their population starts asking why they dont have free access to school and hospitals anymore like the previous generation

[@CultureCrossed64]

Yes but so do their thoughts and feelings. And authoritarians don't like that.

[@coldfura5851]

You forgot to mention climate change....the elephant in the room. These countries may become uninhabitable from heat.

[@asaforg]

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...

[@Kevin.S.Birdwell]

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.

[@darkfool2000]

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]

Venezuelan oil production is drying up? What are you smoking?

[@FNA27601]

​@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.

[@maximusasauluk7359]

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?

[@anthonyk423]

@@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.

[@silverianjannvs5315]

​@@FNA27601Venezuela is under sanctions

[@claud55575]

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.

[@eldo-qb2yh]

She is regarded as a genius in her area and works for Empower Financial Services.She is well knowledgeable about financial markets.

[@GraceIke-fj9by]

I am impressed by the way expert Eunice Berthold conducts business and makes statements. And I really like her quick answer

[@LopesFernandez]

How can I participate in this? Like how do I contact this adviser please?

[@claud55575]

she often interacts on Telegrams, using the user name

[@LopesFernandez]

Thanks heaps.

[@FluffyVidz]

4:50 you say oil demand will peak , this will result in higher prices not lower , simple supply and demand

[@robertewalt7789]

Not as demand falls after the peak.

[@Blackridge.]

He probably means AFTER demand peaks, and starts falling, THEN prices will consistently be going lower over the years

[@MilensBalik]

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!

[@effexon]

does this mean china will get insanely rich by providing all those green energy tools and equipment?

[@FinancialLiberties]

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)?

[@TexasBoyDrew]

In 50 years we will be having the same convo, don't worry, there is more than enough oil

[@saiyedakhtar3931]

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.

[@metsfanal]

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.

[@Directlite664]

​@@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.

[@TexasBoyDrew]

@@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

[@metsfanal]

@@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.

[@alexvanzijl6796]

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.

[@SeizureSalad]

maybe if the projects weren't so obscenely stupid they'd work

[@Hyperion1040]

The Line is my personal favourite 😂

[@polyglot8]

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.

[@AllenGraetz]

Look at the volumes. The US strategic reserves have not been replenished.

[@darthjarjar5309]

Because they’re waiting for prices to go lower before buying in bulk.

[@TomNook.]

The second point - no wonder the Saudi's have just dedollarised just last week.

[@ricardoamendoeira3800]

It would be really useful to adjust for inflation the numbers at the start of the video, they are so low it's hard to even understand if it was a lot of money or not.

[@hasanmatar9017]

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.

[@suspiciousafternoon]

i didn't know that is what "Aramco" stood for. learning something new every day

[@Boababa-fn3mr]

1:11 Wrong flags for Iran and Iraq for the time.

[@ashaaib]

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]

Oil will still be needed for ships, planes, trains and heavy trucks; only light vehicles are changing.

[@jimpaddy79]

How is it a good thinking, your basically saying when demand drop profit will rise

[@maximusasauluk7359]

@@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.

[@petesmitt]

@@maximusasauluk7359 No chance I'd ever fly on a BE plane..

[@ViceCoin]

OPEC forecasts peak demand by 2030. Global EV mandates, aging populations, and automation will limit oil consumption.

[@sarwarkhan1185]

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

[@wxyzz]

If Iran's oil comes to market price will be halved in a jiffy

[@varunthedoc]

Reliance industries limited, Jamnagar , Gujarat, India …. Closest place where oil can be refined.

[@GT-tj1qg]

It's so rare to hear good news! Cartel fails, energy price comes down, and green energy thrives! Dear Saudi Arabia, start saving up now or your future generations will not be okay.

[@tobybrown1179]

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 😊

[@abdullahibrahim8938]

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

[@smada36]

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.

[@charlesnone4628]

That big long 100 mile bldg "the line", may have to turn into a two story condo complex. Maybe we change the name to "the dot"?

[@lavaboatcubesupportsukrain7539]

I wonder what effect the new oil pipeline in Canada will have?

[@lepidoptera9337]

None. These are all late-stage investments in an obsolete technology that will hardly amortize themselves.

[@JoeShmo4]

iraq, yemen, libya, syria. huh. interesting list.

[@natduinfo]

No Dollar 💵. 😂😂😂 No Crisis. The West now must earn money to buy oil 🛢. Not print. 😂😂😂

[@randalsaladbar]

Dinosaur juice will be Kodak, by 2030. Tony Seba calls it X factoring, and keeping up with smart vehicles. This paradigm shift to renewables will be a win win. Great news 👍

[@vgstb]

In a world that is speeding up the energy transitioning, ramping up the maximum pump capacity from 12 to 13 million barrels per day is just nonsensical.

[@ralphhardie7492]

Another nuthin burger 😮😮😮😅😅

[@Lifeperhour94]

Aramco isn’t a company it’s a country.

[@henrycarlson7514]

Interesting , Thank you

[@blakealtonen9858]

i think he means 700 billion in revenue.

[@sulalasif3267]

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.

[@apilgrim8715]

The problem is oil is expensive to move and ship.

[@nvbnvb2240]

100 usd a barrel is pure profiteering...

[@abdiazizhamza5866]

I guess it’s time to criticize Saudi oil companies after they dropped the petrodollar

[@RezaAsghari-jd3sc]

Your guidance has given me the confidence to keep working on my trading skills

[@TheStonesQT93]

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.