I think the Saudis take a longer view of the oil market than the rest of OPEC. They really do plan and invest. That doesn’t make the allies, but they are not fools.
“I think the Saudis take a longer view of the oil market than the rest of OPEC. They really do plan and invest. That doesn’t make the allies, but they are not fools.”
I hired on at Aramco to join its reserves group years ago.
Their reserves process was as weak as any I had ever seen, so I don’t place much stock in at least their technical acumen.