Saturday, December 07, 2019

Offloading the Risk IIL ARAMCO IPO fails to reach target

The New Yok Times reports that the ARAMCO IPO fell short of Saudi expectations.

"Investors balked..."

It seems that my assessment of the viability of the oil industry is more widely shared than I thought.

Am I a cynic? Sure. Ambrose Bierce's definition: "Cynic, n: a blackguard whose faulty vision sees things as they are, not as they ought to be."

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