They are using their reserves to diversify as quickly as they can, even getting into solar. I don't think they will succeed, and the world will be better off for it.
And the price of oil is not their biggest problem. A nuclear armed Iran is their biggest problem.
That’s for sure! There are many very good reasons why Saudi Arabia will be nuked, most likely by Iran. The book of Revelation (ch. 17) speaks about Mystery Babylon the mother of harlots and how the nations became drunk with the wine (oil) of her fornication was to be destroyed and mourned for the loss of wealth. It sure seems to fit the world conditions we’re seeing.
Which? Harley's new electric cycle travels 100 miles and requires a 9 hour charge. That's not a viable "technology."