Saudi Gazette on Citi report: we will combat domestic oil consumption with solar and nuclear.

September 16, 2012 Clean Energy, Nuclear, Oil 

Saudi Gazette referring to the recent Citi report: “Having sailed through scare of ‘Peak Oil’ – in not too distant a past – we seem to be getting back to square one. Despite having witnessed the emergence of new energy frontiers – from tight oil and shale gas to off shore developments, sidelining the peak oil pundits, the energy world seems getting back into ‘concern’ mode. And this could have major implications on market psyche – one can’t help underlining here.  ….Walking around in the corridors of Aramco, one could definitely feel the desire, the urge and indeed the determination – at the topmost level – to curb domestic consumption. …..The country is already planning an 80GW nuclear blitz. ….Saudi Arabia is also planning to install 41 gigawatts of solar capacity over the next two decades.”

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