Saudi Arabia Foreign Exchange Reserves Data For November, 2019, Has Been Posted; Saudi Wind Farm Announced

Saudi Arabia foreign exchange reserves for November, 2018:

Link here.

The one-year graphic looks good -- only because it's one year:

The 5-year graphic:

The 10-year graphic confirms Hubbert's other theory: the Hubbert Peak Cash Theory:

Saudi wind: well, this certainly came out of nowhere. See this post on Saudi Arabia's strategy for renewable energy. It was a long post, and a very, very good post from my perspective. See if you can find the word "wind" in that long, long post. Yes, wind is there, but it's hard to find. The emphasis was on solar. So, technically speaking this did not come out of nowhere; it was in the plan (Vision 2030) all along.

Being announced today: Saudi Arabia closes on $500 million wind farm -- data points:

• a consortium led by France’s EDF and Abu Dhabi’s Masdar has won the bidding
• a 400-megawatt (MW)
• $500-million wind farm in northern Saudi Arabia 
• $1.25 million / MW
• Saudis are targeting 3.45 GW worth of generation from renewable energy by 2020, which would represent around 4 percent of generation capacity
• by 2023, the Saudi target is 9.5 GW, which would account for 10 percent of generation capacity
• cost comparison

From an August 25, 2014, post, this is 30-second sound bite for "cost of renewable megawatt":

• Solar: $3 million / MW
• Wind: $2.5 million / MW
• Natural gas: $865,000 / MW

Great Britain: do they spell "recession" the same way as Americans?

Great Britain's GDP comes in a 0.3%; previous was 0.4%. At least that's what I thought I saw. Not sure what month, and not sure if final reading. But sounds about right. Lucky to be positive, I suppose.