oil

energyOil Demand Dropped 25% and Could Go to Half

Oil prices have dropped to $20 per barrel and that is for the most expensive oil. There is cheaper oil at $10 per barrel. Oil demand has dropped 25% as no one is driving. Companies like Whiting Petroleum are filing …

apple20% Difference Between Saudi Aramco and Apple

Saudi Aramco has been the most valuable company in the world and it had an IPO late in 2019 and briefly traded at $2 trillion when it was worth 38.7 riyal per share. Saudi Aramco valuation is down to $1.7 …

artificial intelligenceA Series of Global Technology Disruptions

Tony Seba has a formal system for identifying and forecasting technological disruption. The link is to a 16-page guide that he created back in 2014. He used his methodology to identify the combined disruption of electric cars, self-driving and ride-sharing …

electricGeopolitics With Energy Independence After Electrification and Fracking

Global oil demand could peak by 2030 with a rapid rise in electric vehicles, ride-sharing and self-driving vehicles. Trucks use 20% of the world’s oil and cars use 40%. This is from 1.5 billion cars. Total global trade is about …

air forcePerspective on World War 3 and the Draft

Kids in Grade 6 are freaking out about the potential for World War 3. Kids in Grade 9 are freaking out about a possible draft. I was told by my kids that these issues were raised by other kids in …

energySaudi Aramco Passed $2 Trillion Valuation in Intraday Trading

Saudi Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion. The shares opened Thursday and reached 38.7 riyals where it briefly traded above a market value of $2 trillion. Apple closed …

appleSaudi Aramco Will IPO 1.5% of the Most Valuable Company in the World

Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba. Aramco made a net profit of $68 billion for the first nine months of the year. This is …

energyUS Crude Oil Production at Record 12.9 Million Barrels Per Day

US crude oil production hit an all-time record of 12.9 million barrels per day. This is about triple the lowest levels in 2005-2010. Brian Wang Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for …

coalUS Exported More Oil Than it Imported For the First Time in Over 70 Years

Based on preliminary data and model estimates, EIA (US Energy Information Agency) estimates that the United States exported 140,000 b/d more total crude oil and petroleum products in September than it imported; total exports exceeded imports by 550,000 b/d in …

dronesSaudi Arabia Refinery Repairs Could Take Months

The Wall Street Journal reports that Saudi Oil Refineries could take months to repair according to foreign contractors working with the Saudi state giant. Saudi Arabia state oil company Aramco had initially said repairs would take a few days. This …