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 for bankruptcy. The oil will still exist. Oil and gas assets will be purchased out …
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 trillion. Apple and Microsoft are the most valuble companies after Aramco. Apple is at $1.42 …
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 that creates transportation as a service (TAAS). In the video below Tony reviews how his …
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 $20 trillion out of a $90 trillion world economy. Oil and gas imports and exports …
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 school. I have straightened out my children but I just want to tell people in …
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 at $1.21 trillion in market value. Brian WangBrian Wang is a Futurist Thought Leader and …
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 a $90 billion annual run rate. They are pricing a PE ratio of 19 for …
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 WangBrian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive …
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 October. If confirmed in survey-collected monthly data, it would be the first time the United …
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 was later changed to repairs would take ten weeks tops. Bloomberg estimated Saudi Arabia has …
Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% to $63.34. Iran has been backing the Houthi. Saudi Arabia oil supply was attacked. There …