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> Wow, I didn’t know that refining, shipping, and access to global capital didn’t apply to KSA. Such a magical country. KSA refines all its own oil. KSA doesn
by onlyrealcuzzo 4y ago
> Wow, I didn’t know that refining, shipping, and access to global capital didn’t apply to KSA. Such a magical country.
KSA refines all its own oil.
KSA doesn't need capital. It's a money printing machine - even at $30 per barrel.
Shipping will have some impact. ~40% of global shipping cargo is fossil fuels.
However, my guess is, fossil fuel shipping would get even cheaper, not more expensive.