Even though their are many China bears who predict that China will have many problems with economic growth, China is currently able to wrap up many economic deals with Russia, OPEC and the world with the aura inevitability. China’s economy will become the largest in the world in coming years, while trade between Russia and …
North American oil shale output will soar to 7.5 million barrels a day in 2021 according to OPECs World Oil Outlook report on Tuesday. This forecast is 56 percent higher than OPEC forecast a year ago. Bloomberg sees a lag between OPEC oil cuts and US Shale production increases which allows oil prices to increase …
One of the many Saudi princes died in a helicopter crash near Yemen and another died in a firefight between his security forces and government security that came to arrest him. This will be very interesting and bloody if many of the thousand Saudi Princes choose not to “bend the knee”. They have resources and …
Saudi Arabian Prince Alwaleed bin Talal, the prominent billionaire investor, has been arrested. He is one of the richest and most influential investors in the world. He has big investments in Twitter, Lyft and Citigroup. He has gone into business with Bill Gates, Rupert Murdoch and Michael Bloomberg. Prince Alwaleed made early bets on some …
The Public Investment Fund (PIF) of Saudi Arabia and Virgin Group (Virgin), have signed a non-binding Memorandum of Understanding (MoU) for a partnership under which PIF intends to invest approximately $1 billion into Virgin Galactic, The Spaceship Company and Virgin Orbit, with an option for $480 million of future additional investment in space services. This …
Saudi Arabia will build a megacity called “NEOM,” will operate independently from the “existing governmental framework” with investors consulted at every step during development. The project will be backed by more than $500 billion from the Saudi government, its sovereign wealth fund and local and international investors, according to a statement released on Tuesday at …
The US, Japan and South Korea have not killed North Koreans in the 21st century. Israel has killed about 170 North Koreans and injured 2000 in relations to nuclear weapons from an incident in 2004 and another in 2007. Note both actions occurred while George W Bush was president of the USA. Israel is 8000 …
The U.S. has reached a $6 billion deal for Saudi Arabia to buy four Littoral Combat Ships made by Lockheed Martin in a package of major arms purchases as President Donald Trump travels to the kingdom, people familiar with the transaction said. Defense stocks took off on Monday after President Donald Trump signed a nearly …
Weekly US oil production is back to 9.3 million barrels per day and is nearing the 9.6 million barrel peak in mid-2015. OPEC raised its outlook for U.S. production growth by 285,000 barrels a day to 820,000 a day in 2017. The number of drilling rigs operating in the country has more than doubled since …
The Philippine defense secretary predicted China would start building an artificial island on the bones of Scarborough Shoal. Scarborough Shoal is less than 200 miles from Manila while the current islands that China built are 500 miles away. If unopposed, China would likely attempt to build an installation like the several bases Beijing has constructed …
The third and final phase of the DARPA Open Manufacturing program is slated to begin before year’s end, and will continue through to mid-2018. The DARPA OM program seeks to develop an Integrated Computational Material Engineering framework that can accurately predict the properties of 3D printed metal components. DARPA indicates that uncertainties in materials and …