[rockdoc123]

$this->bbcode_second_pass_quote('', 'O')h and when you are as rich as KSA is, you can bribe almost any entity to go along with your lies

[onlooker]

Well, then I must burst the bubble of your well crafted storyline. Look at Exxon, lied for decades about what it knew about Climate change. This is all too typical of what Governments and Corporations do. They lie. How much more when the very fabric and stability of Civilization is at stake. And to boot when no Plan B exists. The stakes could not be higher. And so Countries and Corporations alike will be lying to keep this Boat afloat a while longer. You are truly underestimating the nature of what is happening.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'L')ook at Exxon, lied for decades about what it knew about Climate change.

[asg70]

$this->bbcode_second_pass_quote('onlooker', 'W')ell, then I must burst the bubble of your well crafted storyline. Look at Exxon, lied for decades about what it knew about Climate change.

[onlooker]

First off, I utilized Exxon because of the gravity of climate change and how that connects with the gravity of the PO situation. But I forget that you are not up on the latest practically unanimous scientific certainty of AGW. Look I am not a numbers guy like Short nor am I in the Oil and Gas business like you Rockdoc. I will not persue this further out of respect for your knowledge. I am just saying that we all should feel jaded and cynical with year after year of lies and misinformation coming from "official" sources. Perhaps I and others are totally wrong and we have years to decades of BAU and the reporting and stats from official sources are legit. But you and others surely should reconsider in being so ready to believe what you are being told.

[asg70]

$this->bbcode_second_pass_quote('onlooker', 'y')ou and others surely should reconsider in being so ready to believe what you are being told.

[ROCKMAN]

70 - "...aren't doing their best to brainwash us...". I'm always curious when I hear such statements. Can you give a few SPECIFIC examples of such brainwashing devices? And while you're at it can you explain why you and a very small minority have not been brainwashed? IOW compared to the vast majority consumers who have shown little to no effort to reduce their production of GHG.

Those brainwashing techniques must be extremely effective given how very few consumers are giving up their burning of fossil fuels.

[EdwinSm]

The BBC reports on a possible problem with listing in New York:

$this->bbcode_second_pass_quote('BBC', 'N')ew York is another possible listing destination, but the FT said some members of the Saudi royal family are worried about legal risks, citing US terrorism legislation that would allow citizens to sue Saudi Arabia.

[Cog]

In the same article you cited Ed, Aramco stated that they are on track for a 2018 IPO. There is a lot of wishful thinking in the doomer world about Saudi Arabia crashing and burning. Not happening. There is a boatload of money to be made by the banks and the Royals on this deal and green is the only consideration here.

[rockdoc123]

$this->bbcode_second_pass_quote('', 'T')he BBC reports on a possible problem with listing in New York:

[ROCKMAN]

Doc - I've told the story before: folks think even if you win a judgement against a foreign govt you'll never collect. Years ago my stepdaughter represented a firm that was sued by a Big Oil because it decided to take some of its oil fields away without cause. The judgement won was $850 million. And the govt paid. Can't give more details since she made me promise. The deal also included a nondisclosure agreement signed by all.

So where did the leverage come from? She explained it was from the IMF (International Monetary Fund) and World Bank:

"Known collectively as the Bretton Woods Institutions after the remote village in New Hampshire, U.S.A., where they were founded by the delegates of 44 nations in July 1944, the Bank and the IMF are twin intergovernmental pillars supporting the structure of the world's economic and financial order."

Apparently they can cripple a country's foreign trade operations if you piss them off. But could they hold the same lever over the KSA as a much smaller country? I have no idea. OTOH given how much international trade the KSA is involved in they might have greater influence.

[rockdoc123]

Indeed. It is well known that Mobil Oil eventually received compensation from Iran for nationalizing their oil reserves. It was a very big payment, just can't remember the number. Note also that the Argentine national oil company YPF ended up compensating Repsol for the loss they incurred when the gov't nationalized their holdings about 6 or so years ago. All Respol had to do was file a claim and the Argentines ponied up (eventually after a lot of negotiation) simply because they didn't want the messiness and expense of a trial (which they would lose anyway).
As a consequence of that issue what you find now in profit sharing or royalty/tax agreements with foreign governments on their soil is they attempt to include a statement regarding sovereign immunity. The tact by most international companies now when they sign an agreement with a foreign government is to get that government to waive its' right to sovereign immunity as it applies to that contract which avoids the long litigation that would otherwise ensue if they did something to invalidate your contract. Note also that almost all of these agreements designate the court of arbitration and court of litigation. Back when I was still in the game we refused to sign anything that litigated in the US and usually tried for London.
I think in reality that Saudi Arabia could not argue for sovereign immunity for activities outside of their country but could for decisions and activities that took place inside of SA. But as my wife keeps reminding me (for decades now) I'm not a lawyer (she is/was)

[ROCKMAN]

Looker - "Do you mean Rockdoc. or Rockman? They are two different people." There's you go again: embarrassing the terminally confused. They have their unfounded prejudices etched in stone. Or "rock" if you prefer. Shame on you!!! LOL.

[onlooker]

$this->bbcode_second_pass_quote('ROCKMAN', 'L')ooker - "Do you mean Rockdoc. or Rockman? They are two different people." There's you go again: embarrassing the terminally confused. They have their unfounded prejudices etched in stone. Or "rock" if you prefer. Shame on you!!! LOL.

[AdamB]

$this->bbcode_second_pass_quote('', '
')Saudi Arabia is still aiming to complete both international and domestic portions of the initial public offering of its state oil company in 2018, Oil Minister Khalid Al-Falih said Tuesday. Asked whether both parts of the IPO will happen next year, Al-Falih said: "Yes of course; it is on track." He declined to answer questions on whether Chinese investors were interested in buying ahead of the IPO as cornerstone investors. People familiar with the situation said last week that the kingdom is wondering whether to delay the international portion of the offering until at least 2019. A two-stage Saudi Aramco IPO is one of several options being considered, they said, asking not to be identified because discussions are private. Another plan would include listing in Riyadh next year and privately selling a stake to one or several cornerstone investors, one of the

[Subjectivist]

No surprise, if they call a halt now they would look weak to the rest of OPEC and they are not going to do that, even if it hurts them in the long run!

[AdamB]

$this->bbcode_second_pass_quote('', ' ')

As Saudi Aramco, the Saudi national oil company, prepares for a widely-awaited initial public offering next year, its chief executive, Amin H. Nasser, is at the center of the planning. Mr. Nasser has run Aramco, which produces more oil than any other company in the world, since 2015, and also oversees a wide range of joint ventures and investments. Along with the public offering, Aramco is also crucial to Saudi-led efforts to cut oil production in an effort to buoy prices. Brent crude, the international benchmark, was above $100 a barrel in 2014 before tumbling sharply. It is now at about $60 a barrel. He spoke to Stanley Reed, a New York Times reporter, on the sidelines of an event sponsored by the Oil and Gas Climate Initiative, a partnership of 10 international oil companies that aims to reduce greenhouse gas emissions .

[ROCKMAN]

Truly comical that he would qualify the Saudi govt owning 95% of the Aramco stock as "privatization". LOL.

[Keith_McClary]

Saudi Purge Sees Senior Princes, Top Billionaire Detained
I was expecting a military coup. Maybe that will come next.

[Cog]

The young prince is just taking out the trash. The Aramco IPO will take place and will be listed on the NYSE just as Emperor Trump wishes.

"Would very much appreciate Saudi Arabia doing their IPO of Aramco with the New York Stock Exchange. Important to the United States"! Trump on Twitter

Those loyal to the House of Bush and Clinton have been swept away. A new era begins with House of Trump. The symbolism of the sword dance in Saudi Arabia with Trump should have been obvious.