Future Oil Price War as Iran Sanctions Get Lifted

Economic sanctions have cut Iran’s oil production in half and dropped oil exports to less than 20% of normal. Iran’s oil production is currently below 2 million barrels per day and Iran has about 300,000 barrels per day of oil exports. source: tradingeconomics.com Biden is expected to lift sanctions if Iran returns to strict compliance …

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Middle East Endgame With Iran Contained

Iran should give up the mistaken belief that they will be allowed to get a nuclear bomb. The countries that oppose Iran developing nuclear weapons have strengthened their alliance. Iran hopes that Biden wins the election and that Joe restores looser terms and lifts sanctions. Israel Can Hit Iran Without Midair Refueling if Basing From …

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Will UAE-Israel Deal Lead to Larger Gulf Anti-Iran Coalition?

The United Arab Emirates (UAE) and Israel have normalized relations. As part of the deal, Israel has suspended the annexation of the West Bank. The UAE is one of six members of the Gulf Cooperation Council (GCC). The members are the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia. The GCC issued a …

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Saudi 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 at $1.21 trillion in market value. Brian WangBrian Wang is a Futurist Thought Leader and …

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US Crude Oil and Oil Product Exports Exceeded Saudi Arabia’s Oil Exports

Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil products for a few weeks in 2019 were over 8 million barrels per day which …

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US All Liquid Oil Production is at 73% of OPEC Oil Production

US All Liquids oil production is at 19.6 million barrels per day. US oil production is forecasted to increase by 1-2 million barrels per day by the end of 2020. US crude oil production is at 12.5 million barrels per day. Saudi Arabia had to cut oil production to support oil prices. Saudi Arabia is …

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Elon Ten Kilometer Vacuum Hyperloop Tunnel and 35 Kilometer Saudi Hyperloop Test Track

Elon Musk tweeted that a 10-kilometer hyperloop track with a full vacuum tunnel and a curve will be built. It will be built by The Boring Company with SpaceX. They currently have a 1.6 km (1 mi) track. Elon Musk indicates that they will have the 10-kilometer track by next year. Virgin Hyperloop One and …

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Saudi Arabia and the Future of China-US Financial Balance of Power

Saudi Arabia controls a 10% of global oil production. They are the world’s biggest oil exporter with sales of $356 billion last year. China is the world’s biggest importer of oil. The annual value of global oil output is currently $2.5 trillion. If Saudi Arabia and OPEC were willing to accept China’s petroyuan contracts that …

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Saudi Arabia Works with South Korea, China, Argentina on Nuclear Power

Google Earth Satellite images show that Saudi Arabia is within months of completing an experimental nuclear reactor. Saudi Arabia is working with Argentina on the experimental reactors. In March 2015, INVAP (Investigacion Aplicada) from Argentina and state-owned Saudi technology innovation company Taqnia set up a joint venture company, Invania, to develop nuclear technology for Saudi …

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