4 ms·

Can someone explain why they decided to suddenly go public after all these years?

• brianwawok 10y ago
  They need cash now. Think of it as preselling oil.
• bparsons 10y ago
  They need money.
• salimmadjd 10y ago
  My assumption is to prevent any future sanctions against the Saudi regime. Once the markets and 401Ks are invested in the Saudi oil, the US government will have a lot less options to put sanctions on them as the Wall Street powerful lobby system will block it.
  • bogomipz 10y ago
    >"My assumption is to prevent any future sanctions against the Saudi regime." I'm not aware of any impending sanctions by the UN against Saudi Arabia. I haven't even heard this suggested. What would these be for? Can you elaborate?
    • JumpCrisscross 10y ago
      Good strategic planning shouldn't be driven solely by crisis.
      • cft 10y ago
        The argument about the Wall St lobby would have been always valid however. I still wonder what triggered this specific timing.
      • bogomipz 10y ago
        I didn't say anything about a crisis, the question is what would those sanctions be for?
• spauka 10y ago
  From the article: > A profitable IPO is meant to anchor a sovereign wealth fund that will, if things unfold as envisioned, generate enough investment income at home and abroad to dominate state revenue by 2030. Demand for oil will peak just before then, according to Royal Dutch Shell Plc projections, as alternative fuels and electric cars gain popularity, putting Middle East energy producers on shakier footing. So, it sounds like they want to turn their oil reserves into cash before the price of oil begins to fall.