Senior Saudi: we need solar and nuclear to stop soaring domestic oil use.

In less than 20 years, most production will be burned domestically, on current trends. 8m barrels a day will be needed just for domestic needs by 2028, roughly equivalent to its current production. So says Hashim Yamani, president of the King Abdullah Atomic and Renewable Energy City. The kingdom currently burns a total of 3.2m/b a day. “Oil exports and economic growth will be constrained if there is no mix of alternative energy,” Yamani said. “We won’t be able to leverage prices of oil to build our institutions.” Demand for electricity is rising at 8 per cent per year and is expected to triple to 121 GW by 2032. Yamani, a former commerce and trade minister, expects solar energy in commercial quantities “sooner” than atomic power.

Comments

One Comment on Senior Saudi: we need solar and nuclear to stop soaring domestic oil use.

  1. Hugh Lovatt on Sun, 26th Feb 2012 5:30 pm
  2. I watch the ‘pair of you’ constantly and to be honest when it comes to solar PV I hope you are right regarding cost dropping, demand rising etc. We cant wait for the panic when fossil fuels start to run out, we must look to the future with a sense of real urgency. I have no faith in wind power but Solar PV most particularily in conjunction with a home hydrogen plant is for me a definate way forward. If it can run a bus, I’ll have one in my basement – the hydrogen coming from the PV panels in my roof. The hydrogen can be stored if need be or the electricity derived fed back into the grid if need be. Before long nuclear fusion will be a reality on the horizon.