Saudi Arabia

Saudi Arabia to go 100 percent low carbon

I already had mentioned very ambitious plans from Saudi Arabia to jump-start a solar revolution. So the following news aren’t totally surprising me. As The Guardian reported : ” Saudi Arabia, the world’s biggest oil producer, has plans to become 100% powered by renewable and low-carbon forms of energy, according to an influential member of

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Could Saudi Arabia import oil by 2030 ?

Saudi Arabia is the world’s largest oil producer with ten million barrels out of the 89 million consumed each day on Planet Earth. The consequences of this country having to import oil would be disastrous for our world economies. This scenario could actually take place in less than two decades, according to Citigroup as Bloomberg

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Oil : the headlong rush

In French, we have an expression, ” la fuite en avant “ which can be explained this way : “A fuite en avant is something one does when one is in a losing situation, and one hopes to salvage it by doing more of the same or worse.” Not that I want to delve into

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Saudi Arabia overstated its oil reserves by 40%

To the Guardian : ” The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in show. The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the

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