Posted on 06/07/2021 12:26:23 PM PDT by nickcarraway
When Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Saudi Arabia was no longer an oil-producing country, he likely didn’t mean literally.
“Saudi Arabia is no longer an oil country, it’s an energy-producing country,” the Energy Minister told S&P Global Platts this week.
Saudi Arabia has high green ambitions that include gas production, renewables, and hydrogen.
“I urge the world to accept this as a reality. We are going to be winners of all these activities.
Saudi Arabia will surely benefit from the green transition. While the Exxons, Chevrons, and Shells of the world are busy doing climate activists’ bidding in the boardroom and courtroom, NOCs--particularly in various OPEC nations--are all-too-eager to take advantage of what will surely be increased oil prices.
Already Saudi Arabia has raised its official selling price for the month of July to Asia.
But that doesn’t stop Saudi Arabia from pursuing its green ambitions--the Saudi Green Initiative--while funding those green ambitions through oil sales. Saudi Arabia plans to generate 50% of its energy from renewables by 2030, in part to reduce its dependence on oil. In 2017, renewables made up just 0.02% of the overall energy share in Saudi Arabia.
But that doesn’t mean Saudi Arabia is planning on producing any fewer barrels of oil. And it doesn’t mean that Saudi Arabia is planning on halting funding for all new oil and gas projects
(Excerpt) Read more at oilprice.com ...
Trees are Renewable. How many Forests are in Saudi Arabia?
When government and leftists drive the price of oil to $200/barrel, the West’s financial elites are going to be buying-up and and privatizing big oil companies. Demand isn’t going anywhere, and being private, they can ignore the ESG PR nonsense.
Climate Change and Globull Warming was due to all the Velociraptors driving Cadillac Escalades.
““I urge the world to accept this as a reality. We are going to be winners of all these activities.”
*****
It’s usually the crazy guy that is the one saying that everyone else is crazy.
Hard to eat and keep an armed forces on green energy. Not to mention walking around money.
Now we have Voluminous Rappers driving Escalades...................
It is a sand flea producing country.
Oil/Energy = Datsun/Nissan = Master Charge/MasterCard = Esso/Exxon.
Oh, I get it.
They are going to make batteries.
They aim to be a Kitty Litter Producing Nation.
And T-Rex driving all those Semis.
Saudi Arabia doesn’t need armed forces. That is what the U.S. is for. (And to some extent Israel.)
Everybody knows that Paul Bunyan cut down the Saudi Forest.
They have the perfect climate for the production of lithium from brines. Having worked in the Kingdom I can tell you as a professional geologist their flow back crimes are absolutely loaded with lithium and magnesium. As much or more than what is present in the Permian basin another of my multidecade basins of experience. One of my alma mater has tech that is already commercialized I have used it in the Permian as recent as 2020. Look at the amounts of one well. Then realize there are over 100,000 active wells in the Permian and at least that number in the Kingdom the world is swimming in lithium it’s how to get it out of the salts and UT solved that issue years ago. Cost is on parade of mined Li and with large scale flow back production will rapidly drop well.below purposely mined lithium.
“Produced water from shale gas fields in Texas is rich in lithium. Advanced separation materials concepts such as ours could potentially turn this waste stream into a resource recovery opportunity,” Freeman said.
Each well in the Barnett and Eagle Ford can generate up to 300,000 gallons of produced water per week. Using their new process, Freeman and his team conservatively estimate that from just one week’s worth of produced water, enough lithium can be recovered to power 200 electric cars or 1.6 million smartphones.
https://news.utexas.edu/2018/02/09/new-lithium-collection-method-could-boost-global-supply/
That's the same goal Maryland has.
Reminds me of the photo of the electric car charging station powered by diesel.
The Kingdom is as sunny as the Sahara having 330+ days of full sun per year. This is prime territory for solar power. Modern solar polysilicon panels contain zero cadmium, mercury,arsenic or gadolinium. They use silicon which the Kingdom is literally covered in thousands of feet deep worth of silica sands all of it useful for panels silicon being one of the top four most prevalent elements on the surface of the earth. The other key ingredient in modern panels is aluminum for the support, base layers current conductors and the top layer wiring. Aluminum is also in the top 5 most abundant elements on earth.
People who are scientifically illiterate don’t have any clue as to the truly staggeringly massive amounts of energy our local star dumps on to our planet every hour every day.
“The total world energy usage (coal+oil+hydroelectric+nuclear+renewable) in 2015 was 13,000 Million Ton Oil Equivalent (13,000 MTOE) – see World Energy Consumption & Stats. This translates to 17.3 Terawatts continuous power during the year.
Now, if we cover an area of the Earth 335 kilometers by 335 kilometers with solar panels, even with moderate efficiencies achievable easily today, it will provide more than 17,4 TW power. This area is 43,000 square miles. The Great Saharan Desert in Africa is 3.6 million square miles and is prime for solar power (more than twelve hours per day). That means 1.2% of the Sahara desert is sufficient to cover all of the energy needs of the world in solar energy. “
Solar is kicking butt and taking names the IEA has confirmed that solar is now the cheapest form of power ever in human history on a dollar for dollar basis.
https://www.popularmechanics.com/science/a34372005/solar-cheapest-energy-ever/
The Kingdom could cover it’s empty quarter with panels and power all of Europe it’s called the empty quarter because it empty not even shrubs grow it’s sands blasted barren hellscape of a desert. The sun can cook things laying on the ground we do this for giggles some times while on exploration in the quarter.
With the kind of massive solar power available even at 60% efficiency it makes sense to go power to liquids via methanol or FT. It would literally be liquid sunshine. Exxon has a methanol to octane process that South Africa uses on a huge scale. Methanol can be turned into DME which runs in diesels and stores like propane while being able to be used in propane appliances as well. FT can go the full gambit from methane to dodecane which is the whole range from natural gas, petrol, jet fuel, diesel range gasoil and lubricants. Pensoil makes it’s synthetic oils from syngas via FT and you can make syngas from solar hydrogen and airborne CO2 it’s chemically identical.
https://pubs.rsc.org/en/content/articlelanding/2020/ee/d0ee01187h
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.