{"id":6483,"date":"2016-01-15T13:28:35","date_gmt":"2016-01-15T12:28:35","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=6483"},"modified":"2016-01-15T13:28:35","modified_gmt":"2016-01-15T12:28:35","slug":"one-thing-learnt-week-aramco-float","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=6483","title":{"rendered":"One thing we have learnt this week – Aramco float"},"content":{"rendered":"

Is an Aramco float on the cards?\u00a0 According to its website<\/a> it is.\u00a0 As we have reported on several times over the last year on this blog the Saudis have a problem. \u00a0 The oil price fall has hit their economy very hard. In addition they are fighting a messy proxy war with Iran in Yemen which they show no signs of winning.\u00a0 Finally due to the execution of Saudi cleric Nimr Baqr al-Nimr recently tensions with Iran have burst into the open.<\/p>\n

What to do?\u00a0 They have started cutting public spending and government subsidies hard but show no sign of limiting production of oil for reasons we have outlined before<\/a>.\u00a0 An Aramco float could be a way of raising very large amounts of money.\u00a0 Potentially trillions of dollars.<\/p>\n

There is a problem though.\u00a0 For a number of decades many people don’t think that many OPEC countries have been entirely truthful about their reserves.\u00a0 Look at these reserve figures in the figure shown below from our book<\/a>.\u00a0 In the mid eighties many OPEC countries miraculously “found” vast reserves.<\/p>\n

\"chapter1<\/a>If Saudi Arabia is serious about an Aramco float even of 5%, as is rumoured they are going to be transparent about how much is left.\u00a0 Its been thought<\/a> for some years that they maybe have a lot less oil left in the ground than is officially claimed.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

Is an Aramco float on the cards?\u00a0 According to its website it is.\u00a0 As we have reported on several times over the last year on this blog the Saudis have a problem. \u00a0 The oil price fall has hit their … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[29,17,3,1],"tags":[],"class_list":["post-6483","post","type-post","status-publish","format-standard","hentry","category-energy-costs","category-one-thing-we-have-learnt-this-week","category-peak-oil","category-uncategorized"],"yoast_head":"\nOne thing we have learnt this week - Aramco float - The oil lamp - shining God's light on peak oil<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=6483\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=6483\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=6483\",\"name\":\"One thing we have learnt this week - 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