21.03.2016 - Plan B: Is Saudi Arabia Shifting From Oil to Renewable Energy?
Saudi Arabia is considering options to shift from fossil fuels both as the main source of income and main energy source. Riyadh is focusing on renewable energy sources such as solar power in preparation for a post-oil global economy, Oil Minister Ali al-Nami said at a conference in Berlin. However, the minister estimated that the world will rely on fossil fuel for at least another 50 years. "There is no way in the next 50 years" that the world will abandon extracting the fuels, al-Naimi said, adding that "by the way, they are not that bad."..............................................Full Article: Source
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