oil company doing a internal local deal with the biggest petro chemical manufacturer maker in saudi arabia their number two world why they want to become the number one petrochemical producer in the world but you know what foreign investment will be the key and f.b.i. foreign direct investment but get this has gone down from two thousand and eight forty billion dollars of investment in saudi arabia from foreigners foreign companies foreign countries down to one point four billion in two thousand and seventeen so that's going to be a problem and shogi the way they treat women there's a new report out from amnesty international that despite the progress with women they could drive cars they could be seen in public but guess what this still being imprisoned this still being tortured and sexually assaulted in those prisons says amnesty international so publicly owned companies are going to think hey do we want to be associated with m.d.s. and his policies it's funny how you know directing murder has a negative influence on people sometimes steve while there is a fair bit of competition

take in the saudi national petro chemical company s.a.b. i.c. we reported that last week so saudi officials they indicated to the wall street journal that the initial public offering for aramco is still planned it's just now delayed until two thousand and twenty one so how about this for a footnote the journal also reports that analysts that bernstein research used the newly available data to calculate a one point five trillion.

year with aramco there was a big deal that the sixty nine billion dollar purchase of sabich which is a petro chemical company also under the saudi arabian state but look they just got a whole infusion of cash and a lot of people through saying there are critics out there not only criticizing the things on the political side like to criticize like bad behavior politically but also they're saying that this is vastly overrated the whole chase after these bonds have been that actually it's inflated but anywhere you turn it one hundred billion dollars which is absolutely incredible for the saudis yes hard to believe that it's not inflated and when you do have someone like jamie dimon coming out though and kind of as you said pumping the tires on this thing gives it a little more credence i guess to investors but all of this kind of playing into the saudi crown prince mohammed bin solomon's plan he wants to defer diversify he says the saudi economy when the nation off of oil dependence we know he's been doing that a lot of it's been happening in silicon valley is trying to get heavily into the tec

is when you know gold window was closed in the us and we started the petro dollars that the saudis threatened to stop pricing oil in dollars they immediately deny that they had said this to reuters do you believe this is a manageable on the cards at some point how do you see that unfolding dominic. womb x. you've got me i'm not really in all thirty on saudi arabia and it's a money tree dealings but for the moment the saudi regime needs the usa so. i magine they're pretty ally to each other but you know what the saudi regime wants and the rest of the saudi people want not necessarily the same thing yeah but once again the saudis are really talking down the dollar they are selling a lot of energy oil products to china and once again you've got this axis emerging of these other asian countries that are good trying to get out of the us dollar they have been really saying nasty things about the dollar the us politically wants to have them how the countable for things like nine eleven and they want to take them to court on various other issues so the there's a lot of free song now between the us th

so the petro dollar the start of the early seventy's you had a lot of us billionaires become billionaires in the banking sector and also in the technology sector but the relative strength of the saudi billionaires was a lot stronger the saudi billionaires around it's now multi-trillion dollar behave myth and so those billionaires have been getting billion area richer faster than the us billionaire so saudis been happy because they get the you know it's all about ego right so there you go for a stroke bigger than the americans oligarchs then the chinese oligarchs enter the picture and they say wait a minute we want to have our you go strong in a credible way so the saudis are saying well ok we're the king of the roost our billionaires are the biggest billionaires of all let's try to squeeze the us in favor of china and again it's not like that they're not an ally i think that would be a mistake every single nation on earth every single nation is run that's what happens power corrupts and absolute power corrupts even more but so we're not talking about that we're just talking about the actu

dollar of course that goes back to saudi arabia saudi arabia seems like they're a completely in flux 1st of all they are strong to sell around that big state oil company they are not able to sell it and it seems as though they're desperate to sell it because they've got a huge debt problem and that's not happening there got a lot of political shenanigans going on and they're being revealed of all kinds of atrocities are being performed by an oversight and overseen by the leadership there and i know that you know politics is something not necessarily the what you look at when you look at these markets but. aren't we at kind of in historically speaking when you talk about date dollars ation are we also maybe at a point of decon lobel ization and instead of going with this globalized world economy that we've been in for since world war 2 where it's back to more of a mercantile list every country for south mentality absolutely i mean on the a rim coo comment there is you don't close the desert barnett simmons is joan rivers brings to the forum or perhaps you don't really have the reserve

to recycle those petro dollars into our debt markets because we're at an unsustainable level at one point one trillion for this year and this is a non recessionary year. thank you so much former pentagon official michael maloof and david many of the many financial company thank you so much for your time here. thank you. and now to break down how all of this will affect other producers we welcome aarti correspondent alex mahela bitch. so with all the blacklist on the iranian oil we see the opec oil producers and others are proceeding cautiously with their reactions what can we expect. well let's see what we're seeing right look talk about what we're seeing right now and that's people like you and me in our viewers who are driving cars they've seen the numbers jump or rather you go to the gas station everything's got a little bit more expensive and this is something that we're going to see. happen over the next few months and it's something that we've seen about six months ago this is the biggest spike in the six months so we're talking according to our b c capital markets they're say

dollar ok starting a seventy one we want the petro dollar that was a quid pro quo you know we'll buy your oil you buy our bonds right that's the one american not the gold standard next and go right and it's gone now in a petro dollar so now they've been dumping dollars the world's been dumping dollars here in energy guy you want to make sure americans get a fair price of energy if the dollar no longer will reserve currency because saudis and the israelis are doing something with iran and now you get their runs to say well we don't even want to be a part of this u.s. dollar reserve car anymore when to dump it and purchasing power my money goes down right sumpin five six seven eight dollars a gallon at the pump because of this macroeconomic stuff true or false it could happen i mean a bunch of nations have been frightening for a long time to to take the dollar away from but isn't that on the title your list of risks you know to the american energy consumer while i mean that's why public citizen has been pushing so hard to minimize our exposure to global oil markets and the best way to

has this partnership with saudi arabia and saudi arabia sells all its oil only in dollars like creates a lot of artificial demand for dollars so when saudi sells oil to china china has to pay saudi in dollars well that creates demand for dollars well china doesn't like that and what china created and has been trying to do for many years but actually launched last year was a direct attack on this petro dollar system china launched in oils futures trading contracts denominated in one that is immediately convertible into physical gold via the gold exchanges in shanghai and hong kong so they've already laid the groundwork for this attack to your total dollar is under threat yes and saudi arabia is selling saudi aramco is a public offering and they'll have a lot of money if they start buying gold now. that would only put the kybosh on the dollar it would but they won't and i'll tell you why because donald trump said something that was actually true he said without the cloak of american protection saudi arabia would disappear within a week or so and he's totally right so the saudis won't do

dollar ok starting a seventy one we want the petro dollar that was a quid pro quo now we'll buy your oil you buy our bonds right that's the one american not the gold standard next and go right and it's gone now in a petro dollar so now they've been dumping dollars the world's been dumping dollars here an energy guy you want to make sure america is going to fair price of energy if the dollar no longer will reserve currency because saudis and the israelis are doing something with iran and now you get their runs to say well we don't even want to be a part of the u.s. dollar reserve car anymore when to dump it and purchasing power my money goes down right sumpin five six seven eight dollars a gallon at the pump because of this macroeconomic stuff true or false it could happen i mean a bunch of nations have been frightening for a long time to to take the dollar away from but isn't that on the total year list of risks you know to the american energy consumer while i mean that's why public citizen has been pushing so hard to minimize our exposure to global oil markets and the best way to do

dollar ok starting a seventy one we want the petro dollar that was a quid pro quo you know we'll buy your oil you buy our bonds right that's the way america not the gold standard next and go right and it's gone now in a petro dollar so now they've been dumping dollars the world's been dumping dollars here in energy guy you want to make sure americans get a fair price of energy if the dollar no longer will reserve currency because saudis and the israelis are doing something with iran and now you get their runs to say well we don't even want to be a part of this u.s. dollar reserve car anymore when to dump it and purchasing power my money goes down right sumpin five six seven eight dollars a gallon at the pump because of this macroeconomic stuff true or false it could happen i mean a bunch of nations have been frightening for a long time to to take the dollar away from but isn't that on the title your list of risks you know to the american energy consumer while i mean that's why public citizen has been pushing so hard to minimize our exposure to global oil markets and the best way to d

several $1000000000.00 they're expected to sign them off in areas including agriculture railways and petro chemicals the opec and i'll put agreement is also an important point of discussion as both countries have been cooperating on coping global since 2016 which leaders are expected to discuss the attack on saudi arabia as the main primary president putin told arabic journalists before the visit that sucks actions are not acceptable and that those behind it should be found and as you can see. live pictures there president putin has just arrived in saudi arabia to meet the king as well as the crown prince mohamed. now president putin has just touched down we've been watching those live pictures on our screen. and in saudi arabia where he's due to meet the king and crown prince mohammed bin salman as we mentioned before it's been 12 years since a lot of movement in this last year and billions of dollars in deals are expected to be signed off during this state visit. and there will be talk about economic cooperation that's at the fall of the state visit but there's also the situation in syri

projects have already been implemented let me also consider it possible to operate on the territory of saudi arabia one of our companies exploring the possibility of building a petro chemical facility with investments of more than $1000000000.00 it is cebu holdings russia's largest company in this sector we have for string a partnership in the trust based sensitive area of military and defense cooperation we have been negotiating for a long time equally important are our joint efforts to resolve the regional crises in this regard i would like to emphasize the positive role saudi arabia has played and resolving the syrian crisis we are working especially closely with turkey and iran as you well know but i believe that without saudi arabia's contribution towards the syrian. settlement it would have been impossible to achieve a positive trend therefore i would like to express our gratitude to both the king and the crown prince for this constructive approach i'm confident that my visit will help to build up the momentum both in developing bilateral relations and in hunston cooperation in interna