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  1. #1
    Senior Member JohnDoe2's Avatar
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    Saudi Arabia Is Buying Up America's Oil Assets

    SEP 15, 2016 @ 10:46 AM 31,926

    Saudi Arabia Is Buying Up America's Oil Assets

    Ellen R. Wald , CONTRIBUTOR

    I cover energy and geopolitics with a Middle East and US focus. Opinions expressed by Forbes Contributors are their own.




    Correction: Qatar Petroleum, along with ExxonMobil and ConocoPhillips, built the GoldenPass LNG facility on the Gulf Coast. The plant, one of the largest in the world, began operations in 2010. Qatar Petroleum owns 70% of the facilities and is currently pursuing authorization from the U.S. government to export American produced LNG to customers around the globe.

    Saudi Arabia is quietly amassing quite a portfolio of American energy assets.

    State-owned Saudi Aramco is already co-owner, with Royal Dutch Shell , of Motiva, the largest U.S. refinery. Under an already signed agreement, in April 2017, Aramco will take full ownership of the most valuable Motiva assets. Now comes news that Motiva is the leading candidate to purchase the Lyondell Basell Refinery in Houston. This would give Saudi Arabia control of two major Texas refineries proving, once again, that American energy independence is impossible.

    Saudi Aramco CEO Amin Nasser (L) talks with Total CEO Patrick Pouyanne (R) during a press conference following a meeting of the Oil and Gas Climate Initiative (OGCI) in Paris on October 16, 2015. ERIC PIERMONT/AFP/Getty Images

    Saudi Arabia is not the only country with energy assets in the U.S. and close energy ally, Canada, but Saudi Arabia’s activities present a good case study because of its efforts at global diversification within the energy industry.

    In the free market of the United States, foreign companies can invest in and even purchase or create energy assets on American shores. Such assets can include refineries and petrochemical plants; oil, gas, and coal rights; alternative energy startups; and utilities. Countries and national oil companies like Saudi Arabia and Saudi Aramco do just that.


    Saudi Aramco Energy Ventures LLC is a fund that invests in global energy and technology companies and in other funds that invest in such companies. Its newest U.S. investment is in Zahroof Valves, which produces valves for gas compressors.

    Siluria Technologies, another U.S. investment, develops technologies to convert natural gas to liquid. Through investment in other funds like Braemar Engery Ventures, it reaches more global and U.S. assets.


    Aramco also operates three research centers in the United States: in Houston, Cambridge, and Detroit. The Cambridge location is beside MIT, all the better to access top talent.

    Where there is opportunity, smart energy companies will participate, and they need not be American.


    Aramco will have an exclusive license to use the Shell gasoline brand in Texas, Mississippi, the Southeast, and the Mid-Atlantic upon the closure of the Motiva deal in April.

    That means if you pump gas from a Shell gas station in Atlanta, Baltimore, or Dallas next summer, you are buying gas from Saudi Aramco. It may be American or Canadian pumped gas—or it may be Saudi-pumped or from somewhere altogether different—but it is refined by a Saudi company (with American labor) and sold by a Saudi company (with American labor).


    Qatar Petroleum owns a majority share in the Golden Pass LNG plant, one of the largest LNG facilities in the world.

    BP is not a fully nationalized British company but is owned in large part by government interests and British pension funds. It operates across North America, from the Gulf of Mexico to Alaska.

    Statoil , the national oil company of Norway, has owned significant shale rights in the U.S., and though they have divested from much of it, they still maintain rights in Ohio and elsewhere.


    The U.S. operates a generally free market energy economy.

    Foreign interests are free to invest, and these sophisticated companies do when they see opportunity. With foreign energy powers investing in, supporting, and profiting off of American energy assets, energy independence is an impossible dream.

    Realistically, the U.S. should focus on achieving energy security.


    [Note: there is a global element to the supply, demand, and pricing of energy that also precludes true independence, but that is for another column].


    Ellen R. Wald, Ph.D. is a historian and scholar of the energy industry. She writes and consults on the intersection of geopolitics and energy.

    https://www.forbes.com/sites/ellenrw.../#160467601189
    Last edited by JohnDoe2; 05-19-2017 at 10:08 PM.
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    For all the people that bought "energy independence" promotional catch words to drill, pollute, further destroy our environment and health, you are still buying from the Saudis only they get to ruin your land, water, air, health too. We can drill baby drill for oil, gas and make pipelines to EXPORT - and most will be EXPORTED - WAKE UP - $$$$$ for stock holders and our expense. Got asthma, got cancer? Any wildlife left?

    "In Wilderness is the Preservation of the World"...Thoreau

    "No man my poison the people for private profits." - Theodore Roosevelt

    “When a man must be afraid to drink freely from his country's river and streams that country is no longer fit to live in. ”― Edward Abbey
    Last edited by artist; 05-19-2017 at 10:55 PM.
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    As a US based company, ARAMCO will be subject to all US trade laws, all US Sherman Anti-Trust Laws, all US Fair Trade Laws, all US Environmental Laws, all US Labor Laws, all US Worker Safety Laws, all US Tax Laws, all US regulations. For ARAMCO to be based in the United States, separate from the Gulf Oil Cartel, is a blessing of monumental proportions. It's a shame when people write articles against something that is good and try to make it bad because they aren't looking at it objectively, generally and with an overall outcome perspective, but from an isolated political view.

    Shell is not an American-based company. It's a DUTCH company, with US Subsidiaries. It's so funny to see a Ph.D "scholar" preferring Dutch ownership to Saudi ownership, unless for some pathetic reason she thought Shell was American-based when it isn't. There is no difference. Once they are publicly-traded on the New York Stock Exchange as ARAMCO will be, under our laws, they are American and our laws and Constitution control them.

    Sounds like Ellen Wald has a bias against Saudi Arabia versus the Dutch.

    Saudi Arabia is trying to modernize. There's a big movement underway. There will be a new King at some point and the present King, actually want to change things for the good, to westernize, to open up rights, to make peace with Israel, to end the evil fanatical portions of Radical Islamic Terrorism. The King of Saudi Arabia extended his hand to Melania Trump to shake her hand while she was wearing a jumpsuit and no head cover. Toby Keith is playing at an event in Riyadh. This same King Salman, quite elderly, too, is the one who invited Trump in their first phone call a few months ago to lead the Middle East including Saudi Arabia to a transformative modern era, not with our money, but with the leadership, strength, peace and prosperity goals of our new President. This same King has brought together 54 Muslim nations to listen to the this message from our President, to take heed and comply. This King is a very smart King. He looks at Germany and Japan and South Korea and says to himself, when you submit to the United States, you have peace and prosperity in your own country.

    This is a phenomenal time in geopolitical studies. Trump is going to win a war and do it by all standards with diplomacy and leadership.

    Russia sees the same thing. These countries aren't calling Great Britain, Germany, France, Mexico, Canada or China for a new way to a new day. They aren't calling the EU, NATO or the UN for a new way to a new day.

    They are calling Trump.

    Trump's speech to the 55 Muslim Nations, all of them except Syria and Iran were invited, will be historic and I think he will knock it out of the park inspiring these nations to set aside their differences to unite behind the notions of good will, tolerance, stability, peace and prosperity throughout the region and thus the world.

    Stephen Miller is writing the speech.

    The speech is secret so far, but some have used the term "turning the page" to describe the goal of Trump's mission there. That is not the right phrase to describe what is going on here. This not a "turning the page" effort, this is a fundamental Game Changer.

    So wish him well. It's one of the most important foreign policy efforts of our lifetimes. He will achieve it without spending a dime, instead he is making US money by bringing in $400 billion of business to the United States just from the deals signed today with Saudi Arabia. And there are 54 other countries he will win over tomorrow which will be the last key to a peace plan for Israel and Palestine.

    The most important policy effort of course still awaits US, which is the new relationship with Russia. He'll resolve that one this summer. That one is the most important because it is the one that will unify the Five Permanent Members of the UN Security Council behind the Trump Agenda which ensures ultimate victory for the United States and the America First Agenda. The Five Members of the UN Security Council are Great Britain, France, Russia, China and the .... United States.

    No one's heard much out of Mexico lately have they? No. We finally have a President of the United States who knows how to quickly and decisively put these parasitic mooching cartel-controlled whiners in their place.

    That just leaves North Korea ... and although the "experts" think China can solve that mess, history has proven they can not. Trump understands that, so he'll have to solve that one, too, with both Russia and China covering his back. And he will, very soon, hopefully with another historic diplomatic endeavor.
    Last edited by Judy; 05-21-2017 at 12:36 AM.
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    MW
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    Quote Originally Posted by artist View Post
    For all the people that bought "energy independence" promotional catch words to drill, pollute, further destroy our environment and health, you are still buying from the Saudis only they get to ruin your land, water, air, health too. We can drill baby drill for oil, gas and make pipelines to EXPORT - and most will be EXPORTED - WAKE UP - $$$$$ for stock holders and our expense. Got asthma, got cancer? Any wildlife left?

    "In Wilderness is the Preservation of the World"...Thoreau

    "No man my poison the people for private profits." - Theodore Roosevelt

    “When a man must be afraid to drink freely from his country's river and streams that country is no longer fit to live in. ”― Edward Abbey
    Very good post, artist, thank you.

    "The only thing necessary for the triumph of evil is for good men to do nothing" ** Edmund Burke**

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