What do we know – they’re building solar farms! The Saudis are apparently thinking ahead, fretting over rising oil consumption in Saudi Arabia and how they can continue making money out of the precious commodity.
Because oil is so heavily subsidised in the kingdom, if most of what they extract from their land has to go towards meeting rising Saudi demand, there may come a day when they run of oil to sell and sufficient money in reserve to continue sparing their people taxes and provide all welfare infrastructure at no cost to users. This, of course, will not do; just imagine the social upheaval arising from people used to getting so much for free suddenly losing all that privilege.
So, better make use of the ample sun in the Arabian desert to generate electricity and save the oil. Nobody knows how much reserve Saudi Arabia has really got, so this could mean they’re running out and looking to build a solar panel industry of their own to provide future income, or simply that they want to be able to continue to dictate oil prices by controlling their output.
They’re not worried about climate change, oh no, but if the world moves forward quickly and switches away from fossil fuels in time to avert catastrophe, then the Saudis can keep what they’ve got left in the ground forever.
Let’s hope so.