Saudis Focus on Nuclear, Solar Energy

Nations that cling to petroleum as a leading energy source should take notice: The nation with the largest oil reserves is diversifying its energy sector, developing nuclear and solar sources. Within two decades, Saudi Arabia anticipates using most of its oil for domestic purposes, reports David Hope for UPI. A limited supply of water in the country requires desalination for consumption, which uses high levels of energy. “Despite their vast hydrocarbon reserves, virtually all of the Arab states face natural gas shortages as their populations grow, economies expand and energy consumption mounts,” Hope explains. US, French and British firms assist in establishing the fledgling nuclear and solar industries. Currently, the West relies on Saudi Arabia to amp up production when demand is high to stabilize prices, but those days are coming to an end. When nations like Saudi Arabia seek to diversify their economies, developing alternative sources, oil consumers around the world should take note. – YaleGlobal