Saudi Arabia wants to invest big bucks in solar power plants, but the country’s progress has been abysmally slow. The country which has one of the largest oil reserves in the world and is one of the biggest exporters of oil faces a population explosion. Saudi Arabia is blessed with billions of barrels of crude [...]
SunEdison partners with Saudi Arabia Saudi Arabia plans to invest heavily into building one of the world’s largest silicon technology based integrated solar factory. The country is taking the help of SunEdison (SUNE), which is one of the biggest solar installers in the world. SunEdison was also one of the world’s biggest polysilicon and wafer [...]
Saudi Arabia to diversify in Nuclear Power Saudi Arabia is one of the richest companies in the world with gargantuan foreign reserves which keep increasing each year, thanks to its massive oil production. Despite not having any other industry, Saudi Arabia’s oil riches have ensured that the country remains one of the richest in the [...]
The United Nations has voted on enforcing a “No Fly Zone” in Libya as Colonel Gadhaffi’s forces backed by aircraft and artillery have bombed their way to a winning position in Libya.The democratic protests in Libya has been violently suppressed by the despotic regime over there which has appeared at times as mad and lunatic.The rebels despite popular support have been cowed down by the massive military power of Gadhaffi and his mercenaries.This has finally made the United Nations Security Council decide on attacking Libyan army by Air and enforcing a “No Fly Zone’.Note this has been done despite misgivings by China and others who abstained.However the West led by France has been adamant on helping democracy.
The Western Nations have maintained a deafening silence as the Gulf Cooperation Council (GCC) which is the gang of Sunni nations in the Middle East has used Apache Gunships against unarmed citizens of Bahrain.The US and the western media (blogs as well) have been strangely silent on this murderous attack on peaceful citizens.Bahrain has been on the Boil as Shia citizens have been demanding their legitimate rights this rich island nation.However the rulers which are from the Sunni minority have not budged instead they have called foreign troops to kill their own citizens.Global “Human Rights Champion” the US and its leader Clinton and Obama are hypocritically silent,so is the normally frantic Sarkozy.
Organization of the Petroleum Exporting Countries (OPEC) on its 50th Anniversary has called the Developed Nations Subsidies as “Unfair” and has referred Alternative Energy as the biggest challenge facing the Rich Oil Exporting Nation Cartel.OPEC is being a huge hypocrite as Fossil Fuels Subsides totalled $550 Billion last year which is almost 12x the Subsidies given to Green Energy.However no mention of this fact was said as these Green Subsidies were “not acceptable” OPEC.The OPEC Chief Abdalla el-Badri wanted a level playing field with this nascent Green Energy.OPEC is a 12 Nation Club formed mostly of Middle Eastern Nations who control 80% of the Global Oil Reserves and 33% of the Production.Saudi Arabia is the non-official leader of this Cartel and has been known for its opposition to Climate Change efforts.The other nations too support Saudi Arabia recently blocking a group of Poor Island Nations from accessing climate change data.These Nations have shockingly asked for Aid as Global Warming Concerns reduce the Fossil Fuel Demand.Most of the Middle East Exporters are filthy rich generating huge amounts of cash from the Export of Fossil Fuels.