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Beginning of the End for Crown Prince MBS’ New Saudi Arabia

Summary:
The Saudi reversal on the decision to sell shares in oil giant Aramco highlights all the flaws in MBS' reform drive Trump is still convinced the 20th century isn’t over and that coal and oil will keep fueling us forever, but MBS understands the world is moving on. He is investing in solar power at home and in companies like Tesla (maybe) abroad.  But can MBS pull it off? NO, according to this article. Haaretz Beginning of the End for Crown Prince MBS' New Saudi Arabia

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The Saudi reversal on the decision to sell shares in oil giant Aramco highlights all the flaws in MBS' reform drive


Trump is still convinced the 20th century isn’t over and that coal and oil will keep fueling us forever, but MBS understands the world is moving on. He is investing in solar power at home and in companies like Tesla (maybe) abroad. 

But can MBS pull it off? NO, according to this article.

Haaretz

Beginning of the End for Crown Prince MBS' New Saudi Arabia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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