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Saudi Aramco's annual revenue is over $300B, and their reserves are more than 260 billion barrels. Oil prices have ranged from $15-ish to $140-ish since 1990.
by paulsutter 10y ago
Saudi Aramco's annual revenue is over $300B, and their reserves are more than 260 billion barrels. Oil prices have ranged from $15-ish to $140-ish since 1990. So $2 trillion doesn't seem outlandish at all for Aramco.
Early angel investors in Uber have made about 10,000x, plus or minus, so even if you're right there's no potential for shorting Aramco to be the best investment ever (Uber's seed round was at 4 millionish, and the current valuation is 60 billionish).
- acchow 10y ago> Oil prices have ranged from $15-ish to $140-ish since 1990. What is the relevance of past oil prices in the future? Especially in light of photovoltaics?
- paulsutter 10y agoIf you have a conviction about oil prices that's a really easy bet to make.