28 Jan '17, 12pm

via PEAK OIL: Saudi Aramco Selects U.S. Firms To Audit Its Reserves For IPO

Selling shares to ‘diversify’ away from oil is a bit weird. First out, to get the Saudi economy away from ‘oil reliance’, means they need to have another industry, which will probobly, you guessed it, use oil (maybe they will produce less jihadis and more tulips who knows). So there is no getting off oil. Second the cash raised will go to the Al Saud family as they own Aramco directly. So its a lie that its for the Saudi ‘people’, when they say that they mean their direct family, thats Arab culture. The other tribes get loyalty stipends and cushy government jobs, migrants have no rights and will continue to be slaves, or close to slaves. So whats really going on? Maybe by encouraging investment they think they are shoring up international support for their evil 9-11 supporting regime. Who knows.

Full article: http://peakoil.com/business/saudi-aramco-selects-u-s-firm...

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