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So you still have doubts about the demise of OIL? Well in a recent interview the crown prince of Saudi Arabia explains how he is building a $2 TRILLION mega-fund for the future “demise of oil”.
Saudi Arabia is getting ready for the twilight of the oil age by creating the world’s largest sovereign wealth fund for the kingdom’s most prized assets.Over a five-hour conversation, Deputy Crown Prince Mohammed bin Salman laid out his vision for the Public Investment Fund, which will eventually control more than $2 trillion and help wean the kingdom off oil.
The fund will then play a major role in the economy, investing at home and abroad. It would be big enough to buy Apple Inc., Google parent Alphabet Inc., Microsoft Corp. and Berkshire Hathaway Inc. -- the world’s four largest publicly traded companies.
The above quoted material is from a Bloomberg.com article and this follows a report earlier about the “Alberta Oil sands production”
Almost two decades of expansion in Alberta’s oil sands is set to end in 2018 as no projects currently under construction are set to be completed that year or beyond,
Wake up people, the man with the perfect hair is not a crazy out of touch person but a lone prophet warning the masses.
russia has plenty of oil.
ReplyDeleteRussia's Peak Oil was fifteen years after ours and the Siberian oil was like our Alaskan oil. Great for awhile, but not forever.
DeleteOil is about to become as scarce as a box of bon bons in Rosie O'Dumbbells kitchen.
ReplyDeleteI wish I could help but have no idea how to do so. Very sorry. I looked and didn't see anything. I wish I was a better editor/admin.
ReplyDeleteGreat post.
ReplyDelete