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Re: SUNYN75 post# 53160

Wednesday, 11/23/2016 8:03:21 AM

Wednesday, November 23, 2016 8:03:21 AM

Post# of 104461
"If one is observant with the Saudis, they have been heavily investing in both "SOLAR AND WIND" So, Just where do they think that their long term outlook resides. "

Actually the Saudi's had been giving a lot of lip service to renewables, but spending relatively little on it. A couple months ago they admitted as much and announced major plans to increase the use of natural gas, intending to use oil and gas to account for 90% of the kingdom's energy needs by 2030. Given the financial constraints they are under for the foreseeable future, they won't be spending much on renewables.

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