Saudi is in a difficult position - threatened by internal Shiites, locked into the Yemen war, their watercut is up to 98% on their biggest well - and they are (apparently) unable to access any of their treasury wealth. While else would they be selling shares in Aramco?
If it were any other country, I would be sorry for them.
I am not sorry for them.
I’ll betcha old Salman’s on the phone right now with Queen Elizabeth, trying to tap the Windsors’ genius for keeping fanny and throne together.
Israel is desalinating water for $500@acre foot.
This is a big deal in the middle east.
Nor is it a one off. Singapore is also desalinating sea water for $500@acre foot. Lately they have claimed to have the price down to $450@acre foot.