But is Saudi Arabia's the world's leading hydrocarbon producer now? And what is its legitimate prospect for being the largest hydrocarbon producer in 2050?
Digital payment in Pakistan has immense potential to revolutionize its payments infrastructure. More than a dozen digital payment companies have received licenses to operate in Pakistan. While the virus is keeping Pakistanis mostly at home it should not be a problem for the financial and digital specialists to keep working on the digital payment implementation.
The biggest wild card in this market remains the speed at which oil demand is going to bounce back in the coming months. The current evidence though appears to lend support to the bull camp.
With so much uncertainty around, it is no wonder the rebound in WTI—or Brent crude, for that matter—has not been greater. Even good news on the demand side, including an increase in Chinese oil imports and plans for expanding oil storage capacity, has not been enough to push prices much higher than $30 a barrel.
As Ogallala Aquifer dries up, New Mexico has started a new initiative to help the state better track water use, quality and scarcity. The idea is that by collecting data in one central location and making it available to everyone, policy makers will have a better understanding not only of current water resources, but also how to shape water management policies moving forward.
The coronavirus lockdown has badly hit Pakistan. The textile sector is in shambles with many of their international orders cancelled or asked to suspend the shipment of ordered goods for at least three weeks and longer. With textile retailers and outlets closed, there is a complete disruption in the entire domestic textile supply chain, putting at risk the jobs of thousands of factory workers.
Yields of vegetables produced in Pakistan are low which is due to infestation with diseases, low plant density, weed infestation and poor water quality. By adopting suitable seeds and cultivating methods yields could be extended considerably.
Eventually, consumers could begin to see the impact of any labor shortages in the form of higher prices or shortages of products ranging from strawberries and lettuce to meat and dairy.
While we as consumers may not be aware of or mindful about the fact that so much of the things that we choose to consume contain some amount of crude oil in the form of petrochemicals, at least the petrochemicals were put there on purpose and are therefore almost certainly measured or regulated in some way.
Regardless of the geology, climate policy and waning investor interest will likely result in a lot of oil being left in the ground.