Saudi Aramco to go Public in December in an Effort to Bring Outside Investors | WHAT REALLY HAPPENED

Saudi Aramco to go Public in December in an Effort to Bring Outside Investors

Gen. David Petraeus, the retired four-star Army general and former head of the CIA, told CNBC on Thursday that Saudi Arabia is “gradually running out of money.”

Petraeus said the Saudi’s need their initial public offering (IPO) of the state-run oil company Aramco, to be successful. In December, the Saudis plan on releasing some shares of Aramco to the public in an effort to attract outside investors.

The IPO is part of Crown Prince Mohammad bin Salman’s “Vision 2030,” his effort to diversify Saudi Arabia’s economy and reduce its dependence on oil exports. Petraeus said Saudi Arabia’s budget deficits can be “anywhere from $40 to $60 billion” each year, depending on the price of oil.

When asked about other people’s criticisms of the crown prince, Petraeus said it was in the entire world’s interest to see “Saudi Arabia succeed” and to also see it “moderate” some of its practices.

Webmaster's Commentary: 

General Petraeus, a word, please; as long as the Saudi Royal Family runs the kingdom like their own personal fiefdom, and as long as they continue their genocide of Yemen, not to mention assassinating people whose opinions they do not like, Saudi Arabia has no motivation to "moderate" some of its practices.

Constitutional monarchies can, and do work; but unless, and until, this happens here, Saudi Arabia will continue to be a rogue nation, flattering itself into believing that all acts of savagery are acceptible... because it is the Saudi Royal Family doing those acts of savagery.

IF this IPO folds like a really bad souffle, it is possible that the Butcher of Yemen may have to do some real thinking about the money it takes to fund his genocide in Yemen.

Such a bad "financial bounce" from the failure of his IPO may get Saudi and Houthi forces talking about a negotiated settlement to end hostilities, which is what sane people have suggested for years.

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