We were surprised by Saudi Arabia's policies. They became US allies and then made a de-dollarization policy. As we know that Saudi Arabia was previously a petro-dollar country that relied on oil exports for its economy. But they realized that even though they controlled 15% of the petroleum market, they envisioned 2030.
Saudi Arabia's Vision 2030 is a long-term plan to diversify the country's economy away from its heavy reliance on oil exports and create a more sustainable and modern economy. The Saudi Arabian government launched the plan in 2016 and set a comprehensive roadmap for the country's economic and social development over the next decade.
The main goal of Vision 2030 is to create a thriving and diversified economy that is less dependent on oil exports. This will be achieved through a range of initiatives, including:
Privatizing state-owned enterprises: The Saudi government plans to sell shares in state-owned companies and reduce its reliance on oil revenues. This includes the planned initial public offering (IPO) of Saudi Aramco, the world's largest oil company.
Developing non-oil sectors: The government aims to create new industries, such as tourism, entertainment, healthcare, and technology, to create new sources of revenue.
Attracting foreign investment: The government plans to attract foreign investors by improving the business environment, easing regulations, and providing incentives.
Empowering women: The plan aims to increase the participation of women in the workforce, which is currently low compared to other countries. This includes lifting the driving ban on women and providing more job opportunities.
Investing in infrastructure: The government plans to invest heavily in infrastructure projects, such as new cities, transport networks, and renewable energy.
Vision 2030 is a bold and ambitious plan that seeks to transform Saplan's success and society. The plan's success depends on various factors, including political stability, economic reforms, and social financials. Vision 2030 could help Saudi Arabia become a leading financial and social power in the Middle East and beyond.
The world of energy geopolitics is complex, with many factors at play. OPEC, the Organization of the Petroleum Exporting Countries, is a group of 14 countries that control a significant portion of the world's oil supply. The United States substantial hand is a powerful energy consumer and primary important energy producer in recent years.
OPEC's primary goal is to control the global oil market and maintain stable prices. To achieve this, thoil supply has often implemented production cuts to limit the oil supply and raise its price.to countries being y has been successful, but it has also led to economic downturOntries, heavily related to oil exports.
The US of focusing on energy independence in production recently productions, with a focus on increasing significantly increased gas. This has dramatically increased the country's energy exports, particularly to countries like China and India.
The relationship between OPEC and the US has often been tense, with the US accusing OPEC of price fixing and OPEC accusing the US of flooding the market with cheap shale oil. However, the two sides have also worked together on occasion, particularly in times of crisis, such as during the Gulf War in the 1990s.
In recent years, the world has shifted towards renewable energy sources, which can change the global energy market dynamics. Both OPEC and the US are aware of this trend and are investing in renewable energy technologies, but it remains to be seen how this will affect their policies in the long term.
Overall, the relationship between OPEC and the US is complex and influenced by various economic, political, and environmental factors. The future of the global energy market will be shaped by how these two players adapt to changing conditions and compete with new emerging energy technologies.
The following is a video summary from Prof. Dr. Rhenald Kasali related to the de-dollarization policy of Saudi Arabia.
0 Komentar untuk " Reading World Energy Geopolitics (OPEC Policy vs USA Energy Policy) "