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Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality, Home Schooling, Home Mortgages and more, in:
Rumor Mill News Reading Room, Current Archive
Saudi Arabian Oil Is Running Out And That Will Affect Long-Term Oil Markets
Posted By: IZAKOVIC Date: Wednesday, 13-Jan-2021 05:52:21
www.rumormill.news/81554
Aug. 14, 2017 3:31 PM ET
Includes: KSA, NE, USO, VDE, XOM
Summary
Saudi Arabia is one of the most significant players in the oil markets. The country produces more than 10% of worldwide oil. But things aren't as pretty as they seem.
A significant portion of Saudi Arabia's oil comes from its Ghawar Field which appears to be running out. The country might only have 1/3 of the oil that it says.
There are a number of ways to play this, but I personally prefer either betting on a long-term oil market recovery or against the Saudi Arabian economy.
Saudi Arabia is an Arab country occupying the majority Arabian Peninsula. The country is the fifth largest country in Asia, but is composed mostly of desert with a fairly small population of just over 30 million people. Despite this, the country is continually thrust into the world spotlight thanks to one reason primarily. The country directly controls more than 10% of the world's oil production, and through its prime position in OPEC, has a significant say in worldwide oil prices. And worldwide oil sales are a multi-trillion dollar business.
More:
https://defence.pk/pdf/threads/saudi-arabias-oil-running-out.512704/
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There is an interesting lead.
Apart that we, the Croats, according the recent genome search, come from Ukraine region, when there was no yet Ukraine (few thens of centuries ago), nobody can explain how fast we come here and took command of the whole region that was governed by Rome.
Source:
https://en.wikipedia.org/wiki/File:Oton_Ivekovic,_Dolazak_Hrvata_na_Jadran.jpg
---
IZAKOVIC
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