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by spauka
3398 days ago
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From the article: > A profitable IPO is meant to anchor a sovereign wealth fund that will, if things unfold as envisioned, generate enough investment income at home and abroad to dominate state revenue by 2030. Demand for oil will peak just before then, according to Royal Dutch Shell Plc projections, as alternative fuels and electric cars gain popularity, putting Middle East energy producers on shakier footing. So, it sounds like they want to turn their oil reserves into cash before the price of oil begins to fall. |
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