Qatar Helping To Make America Great -- December 16, 2018

This is really, really, really cool.

Back on December 12, 2018, I did not have time to provide the full story, so I simply provided the link and suggested readers connect the dots for themselves. I don't know how many did. That's fine.

That story was huge. There are some big things going on in the Mideast.

But now there's more to the story.

As we all know, links everywhere, Qatar has quit OPEC. Everyone says it's a symbolic move. La-de-dah. In politics, most everything is symbolic. LOL. Be that as it may.

Not only is Qatar leaving OPEC but it now has plans to invest as much as $20 billion dollars in the US in the coming years.

This is $20 billion that is not going to be invested in the Mideast, France, Germany, Russia, China, or Japan. This infrastructure build-out continues to widen the energy gap between the US and the rest of the world.

[By the way, as much as I dislike wind/solar, US renewable energy will outdistance the rest of the world in the long run also.]

But I digress. Back to the linked story.

Qatar Petroleum (QP) is looking to invest at least $20 billion in the United States over the coming few years, its chief executive told Reuters, after the Gulf Arab state unexpectedly quit OPEC this month.

Saad al-Kaabi, who holds the energy portfolio of the world’s top liquefied natural gas (LNG) supplier, also said on Sunday QP aimed to announce its foreign partners for the new LNG trains it is building by the middle of next year, and the company has decided to self-finance the expansion rather than borrowing.

“We are looking at many assets in the U.S. We’re looking at gas and oil, conventional and non-conventional,” Kaabi said in an interview at his office in Doha.

Qatar, a tiny but wealthy country is one of the most influential players in the LNG market due to its annual production of 77 million tonnes. It plans to boost capacity 43 percent by 2023-2024 and will be building four liquefaction trains for the LNG expansion.

Finally, back to the December 12th story: the reason Qatar left OPEC. Because it is the majority owner of the Golden Pass LNG terminal in Texas. Connecting the dots will explain how the two are connected.