Banksters and Barbaria
Dec 11, 2019
This Financial Post story is just so delicious. The following part perfectly illustrates the airheaded combination of arrogance and incompetence of the Saudis:
[...] Aramco walked into the IPO under-prepared. Despite four years of work, executives still struggled to answer simple questions from foreign investors, its legal team couldn’t produce documents on time, and nobody at Aramco could convincingly explain why Aramco deserved its US$2-trillion valuation.
They can afford to be a bunch of fucking idiots because they've been paid handsomely for swimming on oil for almost a century. The halaal clowns really don't know how the world works.
[...] in the early hours of Sept. 14, a fleet of drones attacked the very heart of the Saudi oil industry — the giant crude processing plant at Abqaiq in the kingdom’s eastern desert. Half of Aramco’s production was knocked out in minutes.
That's how you shave $1 trillion off the top. Aramco is going to make billions of dollars for shorters one day.
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