Michele Kearney's Nuclear Wire

Major Energy and Environmental News and Commentary affecting the Nuclear Industry.

Wednesday, September 10, 2014

Energy Quote of the Day: Saudi Aramco Putting $40B of Its ‘Money Where Its Mouth Is”

Energy Quote of the Day: Saudi Aramco Putting $40B of Its ‘Money Where Its Mouth Is”

By Jared Anderson
Bureau Of Engraving And Printing Prints New Anti-Counterfeit 100 Dollar Bills
Saudi Arabia’s state-owned oil company plans to invest $40 billion over the next decade to maintain oil production capacity at 12 million barrels per day, while doubling natural gas output. The Kingdom faces a dilemma with much of its associated gas already being consumed by the oil sector for enhanced recovery, the power generation sector

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