Episode 80 - Saudi Oil Ministry | Nuclear energy | Tesla Salts and Batteries | Dr. Paul Sullivan

Published: Sept. 10, 2019, 1:40 p.m.

b'Follow Dr. Sullivan on LinkedIn - https://www.linkedin.com/in/drsullivenergy/

Follow Dr. Sullivan on Twitter - https://twitter.com/DrPJSullivan

Link to Saudi, Inc. Paperback edition with new chapter!
https://www.amazon.com/Saudi-Inc-Arabian-Kingdoms-Pursuit/dp/1643132253

Saudi King Appoints a Son, Prince Abdulaziz, as Energy Minister
https://www.nytimes.com/2019/09/08/world/middleeast/saudi-arabia-abdulaziz-energy-minister.html
- Major change as Saudi ARabia has never had a royal as oil minister
- He is very qualified but not as forceful a personality as Falih and this could be an issue when dealing with Novak

Tesla battery researcher unveils new cell that could last 1 million miles in \\u2018robot taxis\\u2019
https://electrek.co/2019/09/07/tesla-battery-cell-last-1-million-miles-robot-taxis/amp/
- Testing done in lab indicates that new battery cell could power vehicle for 1 million miles
- this is under lab conditions, but it is intriguing and represents interesting and compelling technology for the future.

What Should Be Next for Saudi Aramco
https://www.bloomberg.com/opinion/articles/2019-09-04/saudi-aramco-s-new-chairman-al-rumayyan-isn-t-right-man-for-job?srnd=opinion
- not a choice that inspires confidence
- could have picked someone else from the company, a former oil exec from US or Europe or even Asia
- Not reassuring to potential investors.

Venezuela Oil Woes Deepen
https://www.rigzone.com/news/wire/venezuela_oil_woes_deepen-06-sep-2019-159733-article/
- Russia and China are two biggest backers of Venezuela
- Madura could lose all international backing if these parties pull out.
- according to Platts Venezuela is only producing 700,000 bpd. According to Mark Papa, US oil production is set to grow by this amount.

Interview with Dr. Paul Sullivan
- Middle East must be considered as a whole with regards to national security
- U.S. trying to negotiate with Taliban near 9/11 anniversary
- Taliban aren\\u2019t a nation-state. Will sign a document and will then disregard immediately.
- Can the Taliban affect the markets? If they go on the attack and get others to support them. Afghanistan isn\\u2019t a big market player - though there are about $4 trillion worth of minerals in the ground that could be utilized.
- Iraq is also a risk. Big oil producer with little political stability
- Is Iranian oil getting through Iraq? Not like it did when Iraq would send it over the mountains into Turkey.
- Why don\\u2019t natural security events impact market the same way they used to? China and US! China stores lots of oil and uses it whenever price rise. US is biggest producer, Saudi Arabia is the largest exporter. China is the largest importer of oil. Attempts to cut production from OPEC haven\\u2019t really worked.
- Says that if Saudi and OPEC cuts oil production and succeeds in raising oil prices would send world into recession and stagflation. This would be a bad time to do that.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit energyweek.substack.com'