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I'm not so sure. Their reserves are massive + cheap to extract. Oil isn't going to go away anytime soon, even if we wanted it to. And even if the value of crude
by charlesdm 10y ago
I'm not so sure. Their reserves are massive + cheap to extract. Oil isn't going to go away anytime soon, even if we wanted it to. And even if the value of crude dropped another 25-50%, it's still quite valuable.
The problem is that it's located in Saudi Arabia. I doubt they have decent corporate governance + non-interference from the state.