Tag Archives: Abdulaziz bin Salman Al Saud

Tea with Yellowcake

That happens, we have some tea and we want something to snack with the tea, I also have that need with coffee, but there I tend to simply rely on the trusty toasted Blueberry muffin. Its yummy with some coffee, preferably a cappuccino. Tea has different needs, for the most I have some Tiramisu, or a Black Forest Cake. The other thing I used to love and it seems to be the limiting Dutch option of the Cream Cake, I haven’t seen it anywhere outside of the Netherlands and Belgium. Anywhere else it is not the yummy experience.

As for yummy options, Aljazeera (at https://www.aljazeera.com/news/2025/1/14/saudi-arabia-announces-plans-to-enrich-and-sell-uranium) gives us now ‘Saudi Arabia announces plans to enrich and sell uranium’ and before you start blaming Saudi Arabia with all kinds of messes, remember that the west (particularly USA) was unable to contain Iran with their nuclear messes. Remember Mahmoud Ahmadinejad? Between 2005-2013 he made a right mess and enriched to his heart content, Saudi Arabia was confronted with over half a decade of worrisome Iranian tactics as was Israel. In that setting Saudi Arabia had set the tone that they weren’t starting this, but they would match Iran in their actions. And now we get “Energy Minister Prince Abdulaziz bin Salman Al Saud told a conference in Dhahran on Monday that the move is part of a strategy to monetise all minerals, according to Reuters news agency.” I say if you need to do something, you better get some coins out of it. And it seems that Saudi Arabia is doing just that. It is the setting of “Trump pursued a policy of “maximum pressure”, withdrawing the US from a landmark deal which imposed curbs on Iran’s nuclear program in return for sanctions relief. Tehran adhered to the deal until Washington’s withdrawal, but then began rolling back its commitments.” And the setting that Iran rolled back its commitments is (my personal view) the reason that Saudi Arabia made these steps. The fact that they are clever about it and let this setting evolve through its own funding might be a speculative reason for this. All that time that America and the EU smoothed over the actions of Iran is precisely the reason that we are facing this. In all honesty I feel more secure with Saudi Arabia doing this than Iran ever did. It was the initial reason why I created the (optional and untested) Meltdown solution. There is nothing like a nuclear reactor melting down on itself, and when I saw images of Chernobyl my brain went to work and the result was put in ‘Keeping my promise, part 1’ (at https://lawlordtobe.com/2021/12/14/keeping-my-promise-part-1/) and the hilarious part of this was that Iran would be spending a few billions only to see it meltdown in the first month. I do have a quirky sense of humor. But as things go, Saudi Arabia is in the market of selling the stuff and it is their mineral and I think that good business is where you find it. I reckon it will take America a few days to shout at the world and they will ‘demand’ a peaceful solution. I say stuff that. They could never contain Iran (and the world applauded their non-actions) and look where that has got them. So whilst we see “Riyadh has yet to fire up its first nuclear reactor, which allows its program to still be monitored under the Small Quantities Protocol (SQP), an agreement with the International Atomic Energy Agency that exempts less advanced states from many reporting obligations and inspections.” We have to see that Saudi Arabia is much more than sand and oil (they have tourist space as well). Now that they are moving into the yellowcake market we need to see what comes up. I reckon that it won’t be the money fountain they would wish for as yellowcake goes for roughly $60 per kilo. It is roughly the price of tuna, so there is that issue to consider. Yet the foundation of ‘part of a strategy to monetise all minerals’ is something I would applaud and nearly every country should consider this. There are of course ethical issues to consider, but if the world does nothing about Iran, they have no business interfering with Saudi Arabia either, apart from the small fact that I trust Saudi Arabia a whole lot more than Iran.

So have a great day and do try the Tiramisu today with coffee. 

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Confirmation and standards

That is what I was confronted with over the last 5 hours. I got a message a little before that and we will talk about it. I mentioned it in my previous article. It connects to more, but that is not important right now. What set me off was the article (at https://www.arabnews.com/node/2268696/saudi-arabia) where we are given ‘Saudi energy minister: Kingdom will not sell oil to any country that imposes a price cap’. In this I agree, even if it hurts me badly. You see the US has been crying on expensive oil, but the price is set as well by Brent oil, an American firm. One that has the BIGGEST production of oil on the planet.

So when we are given “Spare capacity and global emergency stocks are the ultimate safety net for the oil market in face of potential shocks. I have repeatedly warned that global demand growth will outpace current global spare capacity, while emergency reserves are at a historic low.” I have no other thought but to agree. This has been going on for the better part of 2 decades. No one was complaining when oil was $40, but the setting differs. The US will not buy from Russia (which makes sense) and neither is Venezuela an option. The Arab nations are united in getting the best deal FOR THEM, which is done on a global scale in many commodities, but oil is not the US point of trade, it is THEIR anchor, yet no one looks at Brent oil and what it does, weird, isn’t it? We have seen the massive need to drop dependency on oil and in 2 decades nothing was done. The blame is all on governments for not acting, then 5 years ago an optional sidestep could be made, but the US government pissed of Elon Musk, whilst giving a free ride to that previous Twitter owner, that Dorsey thingamajig. But the Media on a global level REFUSED to ask him the hard questions. And now that it is too late, now that we see that a battery change was required 3-4 years ago, the Governments (especially America) start crying like little bitches. 

When a well can pump 10 cups of water an hour, and there are at any given moment 25 people needing water, some will go thirsty and that setting has been clearly there for over 2 decades. Why was nothing done? So when I see “NOPEC refers to a No Oil Producing and Exporting Cartels bill, proposed US legislation that could leave members of OPEC+ open to prosecution under American antitrust laws. The bill, which has been periodically proposed for several years, was revived this month by a bipartisan group of senators in Washington amid ongoing concern about high energy prices.” And here the thought “Are you insane?” pops up. In the first why is Brent Oil not mentioned? And it is so easily fixed. Saudi Arabia (Aramco) could deliver 20% less oil to the US and Europe and sell that to China, everyone happy, or not? It is not a concern for high energy prices, it is the bloody mess of inaction which can be clearly shown for well over a decade and when there was a solution, you pissed off the industrial that could have aided you. So how is that for stupidity?

The second reel
The second reel is different, it is not connected to oil, but optionally to stupidity (as I personally see it). I have seen now confirmation on two of the branches that this will work and due to a few changes, there would be a growing need for the third branch as well. For me it could be good, and could is the operative word as Google was asleep at the wheel and let it pass and Amazon doesn’t seen to be waking up to the billions they can get in this. At present my hope lies with Kingdom Holdings and one other party. That one might not give me the full price, but it is better than nothing, in addition, keeping Microsoft away from there is prime concern, they can only screw up the IP, blame others, point fingers and then refer to miscommunications. I can do without that. There is a small option that Apple might pick it up, but it is not really their turf, so I feel uncertain about that thought. So it is in some regard inverted from oil. Oil everyone wants, and seemingly my IP no one wants. I reckon that the first one that buys it and see what they stand to gain, at that point everyone will come calling, like a Credit Suisse banker with an empty wallet, but that is my weird sense of humour.

The idea that I am right is nice, but I have seen enough confirmations in several directions to know I am right, but that is just me. I still check all forms of verifications, not merely to proof that I am right, but to confirm I was never wrong. That too matters, because I am where banks and oil consumers needed to be, in a place of checks and balances, something both parties require very very fast.

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