this post was submitted on 02 Jan 2024
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Ironic. Saudia Arabia would be about as poor as Afghanistan if it wasn't for burning oil.
The less oil they burn, they more they can sell to the West.
I assure you they have no issue with that.
They could probably double their output if they wanted. But they don't, they want high prices not more oil.
Saudi Arabia has a policy to reduce oil consumption locally. The government subsidizes power to the people, so if solar/wind is cheaper they will be adopted as it will save the government money.