Urgency for Alternative Energies Is Here: IOL

Nations that rely on oil imports are closely monitoring global supply after attacks on a Saudi Aramco facility cut half that country’s production capability, representing about 5 percent of the world’s supply. Crude and refined petroleum lead South Africa’s imports, most from Saudi Arabia. “South Africa’s top two oil suppliers – Saudi Arabia and Nigeria – are in regions that could, at best, be described as volatile,” notes an essay for IOL, which criticizes regulations around renewable energies like solar panels for roofs. “Wars and instability which impact oil supplies along with environmental considerations will mean that South Africa, which has abundant renewable resources, will have to increasingly rely on nature to augment its energy needs. Government should not wait for another war in the Middle East to spring into action.” – YaleGlobal

Urgency for Alternative Energies Is Here: IOL

The attack on Saudi Aramco is a wakeup call on need for alternative, renewable energies for countries that import most of their energy from volatile regions
Wednesday, September 18, 2019

Read the article from IOL about the need for South Africa and other oil importing nations to diversify their energy supplies.

(Source: Observatory of Economic Complexity)

(Source: Observatory of Economic Complexity)

© 2019 Independent Media and affiliated companies. All rights reserved