Saudi Oil Minister Reaffirms Importance of Fossil Fuels, but Forecasts Eventual Shift
On Monday, the Saudi Arabian Oil Minister reiterated the importance that fossil fuels will continue to play for many years into the future:
“Given their massive scale, non-renewables will remain the world’s energy workhorse for many decades to come… While the days of easy oil may be over, the days of oil as a primary fuel source for the people of the world are far form over.”
Yet, the Minister also recognized that Saudi Arabia is preparing for the eventual shift towards clean energy, noting, “The world’s largest oil exporter also hopes to be the world’s leading solar power provider someday… All energy sources will have a role to play in meeting future demand.”
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