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Saudi Arabia already knows the real price of Neom and it is not measured in billions, but in barrels of oil at $90

January 28, 2026 by usatoday24

Saudi Arabia is mired in a paradox that revolves around barrels of oil. Years ago the kingdom launched an ambitious program to reduce its dependence on ‘black gold’, a key element in its accounts and public treasury. Under the name of ‘Vision 2030’ basically proposed to diversify its economy with a rosary of projects which included large urban developments such as Oxagon, Trojena or the famous The Line. The problem is that the swings in the price of crude oil (the same one from which he wants to get away) is complicating the things. So much so that the kingdom has already been forced to moderate its expectations. What has happened? We told you a few days ago: Saudi Arabia has had to rethink the Neom megaprojects, the program with which the kingdom wants to promote works such as Trojena or The Line, a futuristic city 170 km long, 500 m high and 200 meters wide built from scratch in the middle of the desert. According to Financial TimesNeom’s president, Crown Prince Mohammed bin Salman, is now considering a “much smaller” scale. In fact, there is already talk of a drastic cut in The Line and changes also in Trojena. Is it a novelty? Half. Despite the efforts of Saudi Arabia for showing how the works were progressing, the international press has been warning for some time the difficulties (technical, but especially financial) that the kingdom has encountered to carry out its projects. own FT posted a few months ago a report in which he talked about how Neom’s dream is “unraveling.” His last article It goes further however and helps to understand the context. The cuts come after Neom officials commissioned an audit of the project. And although its final conclusions are not yet known, they seem to be strong enough that there are already architects working on the redesign of The Line. Their goal: to turn it into a “modest” project that can take advantage of the infrastructure built in recent years. There is talk of a change in concept, of a Neom that (without giving up the diversification of the Saudi economy) stops focusing on the “cities of the future” to focus on something much more concrete: data centers. The kingdom insists in any case that Neom is a bet that “aims to span generations” and its discourse (at least the public) is far from being defeatist. What is the problem? Beyond the scale and enormous ambition of the projects (only The Line involves building a 170 km city), Riyadh has encountered a perfect storm. Not even her years of waste (or precisely because of them) have prevented her from being forced to rethink some milestones in her initial schedule. The clearest example Trojena leaves it. There, in its ambitious ski resort, the 2029 edition of the Winter Games was going to be held. A few days ago, however, the Asian Olympic Council and its Saudi counterpart announced that the appointment will have to be postponed indefinitely. Financial Times remember that in the medium term the kingdom also has important commitments that will require it to step on the accelerator. The first will arrive with the international fair Expo 2030. The second, with the 2034 World Cup. Click on the image to go to the tweet. And what does the oil look like? If something they usually repeat analysts trying to explain the development of Vision 2030 (and more specifically Neom) is how the price of crude oil is influencing it. The reason is very simple. Although the financing of Vision 2030 does not fall directly into the budget of Saudi Arabia, its implementation does depend on large projects funded by the State. And it receives a large part of its income through oil. Saudi Arabia is the main exporter of crude oil on the planet, which explains that in 2024 this will represent 60% of public income. In general, oil and natural gas accounted for more than 20% of its entire GDP that year. A few months ago Arab Gulg States Institute (AGSI) I remembered that the weight of the oil business in the Government’s tax revenue is today much lower than a decade ago, when it reached 88%, but it has still accounted for close to 63% in recent years. Not only that. Its technicians recognize that the health of Aramco (the Saudi national oil company) is “vital for the health” of the public coffers and the country. Why is it important? By a simple rule of three. The implementation of Vision 2030 depends largely on the Saudi kingdom and its PIF (the Public Investment Fund), sovereign in nature and chaired by Mohammed bin Salman. And the money they receive is closely linked to the progress of the global oil business. In April of last year, in a complicated context, marked by fear of the trade war and differences within OPEC, Reuters warned of how the fall in the price of crude oil would be reflected in Aramco’s dividends… and these, in turn, in the money that would enter the coffers of the Government and the PIF. “The Government and the PIF will receive 32 billion dollars and 6 billion dollars less, respectively,” collected the chronicle signed by Yousef Saba. Already at that time there were experts who pointed out that this snip would take its toll on some of the projects that the kingdom had in its hands. “Saudi Arabia is likely to depend on debt financing and will have to delay or reduce some planned contract awards,” insisted Karen Young of Columbia University, recalling the nation’s deficit. Is there more? Yes. A key fact that in recent months have slipped several analysts and in which affected these days Brad Setser, CFR researcher, following the latest news about Neom and The Line. It is not just a matter of the price of oil rising or falling in the market, it is that Saudi Arabia needs the barrel of Brent to remain at certain … Read more

200,000 abandoned radioactive barrels are sought off the coast of Galicia: we have only found 1,000

June 26, 2025 by usatoday24

The Atlantic Ocean is one of the world’s largest nuclear cemeteries. It is estimated that more than 200,000 barrels with nuclear waste sent to the seabed rest Between 1946 and 1990. The mission to recover them is already underway. First days of work. The French oceanographic ship L’Tarante has begun to work in the search for abandoned drums in Atlantic waters. It arrives with the work of locating some of these barrels and evaluating whether they have caused some kind of impact on marine ecosystems in the area. The team has enforced their work since the first day. According to The local press reportsthe researchers managed to identify the first 1,000 drums and map their location. They have not yet transcended the first images of these barrels. The mission, called Nodssum-I, has an expected duration of one month. The ship arrived a week ago in the area where it will perform its work, located in international waters about 650 kilometers northwest of the coast of Galicia. It is estimated that the more than 200,000 barrels distributed throughout the exploration area are found between 3,000 and 5,000 meters. 200,000 drums. According to Explain the responsible team From the project, barrels contain nuclear residues of low or medium radioactivity. These include sludge, contaminated metal parts, cation exchange resins and even office equipment. In order to resist the high pressures of the ocean fund, these materials would have been encapsulated in bitumen or cement, Add the American Society American. Throughout the years that these waste has passed underwater, their radioactivity would have fallen significantly, it is added from the project. However, some long -term elements could still maintain a good part of this radioactivity. In addition to identifying and locating these barrels, the mission will take photographs of these in order to evaluate their status and integrity. For now the plans do not include the possibility of recovering these barrels. Evaluating the impact. Locating and studying drums is just one of the objectives of the mission. The team will collect water samples, sediments and even marine life to study the presence of radioactive or radiosiopo isotopes in them. Thus they also intend to study the interactions between marine ecosystems and these radioisotypes; Also understand the transport of these atoms in the seabed through processes such as erosion and sedimentation, and also through marine currents. Uly X. For this work the team will feature the instruments aboard L’Anchantante, including a 4.5 meter autonomous submarine called Uly X. This vehicle will allow researchers to photograph and study closely the lost drums in Atlantic waters. Nodssum-i and nodssum-II. The mission of one month of L’Atalante will be only the first part in a project that will encompass two trips to the search area, Nodssum-I and Nodssum-II. For now, Nodssum-II is in the planning phase, but we know of it that it will be a monitoring mission that will take detailed samples thanks to a submarine remotely operated like the Victor ROV, or a minisubmarine like the Nautile. In Xataka | Japan’s energy gauge: after trying to become independent from its nuclear, it has had to back down Image | French oceanographic fleet / Navire Océanographique L’Tarante

Between 1946 and 1990, Europe sank 200,000 radioactive barrels in the Atlantic Ocean. France prepares to recover them

June 2, 2025 by usatoday24

France will undertake this month of June a mission to map and study the state of the more than 200,000 drums with radioactive material that several European countries sank at the bottom of the sea. The objective: evaluate their environmental impact and study if it is viable to recover them. A practice today unthinkable. For more than four decades, between 1946 and 1990, the norm for several European countries was to pour radioactive waste of very low activity in the oceanic depths. More than 200,000 barrels loaded with gloves, laboratory materials and nuclear samples were sunk in the northeast Atlantic abyssal plains, more than 4,000 meters under the surface of the oceanan internationally prohibited custom by the 1993 London Convention. Better late than never. Although a good part of the radioactivity has disappeared thanks to the short half-life of the CESIO-134 or iron-55 isotopes, so far there has been no state-level effort to recover them. The National Center for Scientific Research in France (CNRS) will be launched at the middle of June With the nodssum missionwhich does not have as its immediate objective the recovery of the 200,000 barrels (a task of titanic proportions), but an exhaustive analysis of the containers, the behavior of the radionuces in the deep ocean and their interaction with the marine ecosystems to make a decision on which one to recover and how to recover them. A robot submarine and fishing networks. The Nodssum project will take place in two major campaigns. The first phase will be a recognition mission that will sail on June 15 and will run until July 11. The protagonist will be the ULYX Submarine Autonomous Robot of the French oceanographic fleet, capable of descending up to 6,000 meters. In its first scientific dives, Ulyx will navigate about 70 meters above the seabed to map with a high resolution Sónar the main discharge zone and identify the location of barrels. Then, it will approach up to 10 meters to photograph them. This phase also includes the initial shot of water samples, sediments and fauna, but without approaching the drums. Scientists will use nasas to capture fish and crustaceans with which to determine the effect of waste on marine life. The barrels will not move until 2026. Taking advantage of the data collected in the first phase, the second mission will use a robot with remotely operated arms, Victor or Nautile, to directly observe the barrels and take samples around it for a more detailed analysis. These data will be those used to determine if necessary, and feasible, selective recovery operations in the future. Security will be the axis of the entire project, which includes a robust radioprotection protocol supervised by the France Nuclear Safety Agency. In addition to amending past errors, the mission will be a unique opportunity to measure the long -term consequences of storing at the bottom of the Atlantic Ocean hundreds of thousands of radioactive waste. Image | CNRS, Greenpeace (1978) In Xataka | Thus, radioactive waste is “buried”: how are nuclear cemeteries inside

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