The picture is from: worm creative
The general situation in the world, Hao Hao Tang Tang, if it goes down, it goes down, if it goes down, it goes down. Under the torrent of the times, even Saudi Arabia, which has always been considered “rich and oily,” and Saudi Aramco, “the world’s most profitable company,” have had to make changes.
Since 2014, international oil prices have continued to decline, and with the rapid development of science and technology, a large number of new energy technologies have emerged. Relying on the advantages of environmental protection, cleanliness and recyclability, new energy quickly seized the market, significantly reducing the demand for traditional petroleum resources in countries around the world. The world’s energy structure, dominated by traditional energy, is quietly changing.
This is a serious blow for a country like Saudi Arabia that has grown on oil. In order to get rid of the high dependence on the oil industry, the Saudi government proposed the “2030 Vision” in 2016 to achieve diversified development, and the listing of Saudi Aramco was an important step.
A lot of people have questioned the timing of Saudi Aramco’s listing, and believe that this is not the best time. But in fact, now is the best time. Because now is the best time for traditional energy development in the coming years and even decades. Due to the depletion of fossil energy and environmental pollution, the future of traditional energy can only go down.
However, how effective Saudi Aramco’s successful listing is, it will take time to judge.