According to a 150-page report by Citigroup, Saudi Arabian oil could dry up as early as 2030 which is a lot sooner than previously thought The high consumption of oil in the Gulf nations for air-conditioning and desalination means that oil wells are likely to run dry a lot sooner than expected. That’s the news […]
Energy subsidies keeping petrol and electricity prices low in the Middle East are jeopardizing the chances of renewable energy projects The Middle East may be unique for many reason- the stunning souks, the hospitality of the people and explosive political mentality- but they are probably known for just one thing: oil. Indeed, Gulf nations have […]
With an extra 15% added to electricity and water bills, Dubai’s residents are bound to cut back their consumption. And that is a good thing! Unlike many other Gulf countries, Dubai is not blessed (or cursed, according to some) with fountains of fossil fuels. As such, the Emirate must import the power that provides customers […]