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> According to a widely read December 2011 report by Chatham House, a British think tank, if this trend continues, domestic consumption could eat into Saudi oil
by aaron695 11y ago
> According to a widely read December 2011 report by Chatham House, a British think tank, if this trend continues, domestic consumption could eat into Saudi oil exports by 2021 and render the kingdom a net oil importer by 2038
The article seems logically broken.
If shipping oil to another county is cheaper for that country than solar why does SA want solar? They are losing even more money.
And why not just import coal like everyone else.
Seems to me it's about energy security and the fact burning oil for electricity has less worth than the other uses which they can on sell it for.