Friday 22 May 2015

Saudi Oil Minister: “... eventually, one of these days, we are not going to need fossil fuels”

And the rest of the quote, from Saudi Arabia's oil minister, Ali Al-Naimi at a business & climate conference in Paris:

"In Saudi Arabia, we recognise that eventually, one of these days, we are not going to need fossil fuels, I don't know when, in 2040, 2050 ... so we have embarked on a program to develop solar energy.”

If the Saudis, with their vested interest in oil have noticed, there’s a message there for the rest of us too.

http://www.businessspectator.com.au/news/2015/5/22/policy-politics/saudi-oil-minister-fossil-fuels-doomed-were-switching-solar?utm_source=exact&utm_medium=email&utm_content=1370620&utm_campaign=cs_daily&modapt= / Saudi Arabia's oil minister switch energy focus solar power an end to fossil fuels Reuters Saudi Arabia fossil fuels we have embarked on a program develop solar energy Ali Al-Naimi business climate conference Paris news service reports exporting fossil fuels exporting gigawatts electric electricity Reuters minister world's energy mix fossil fuels oil prices as low as $US30-$40 barrel would not make solar power uneconomic /