Saudi Arabia needs to strengthen its policy toward establishing renewables as the world’s dominant energy source. Saudi Arabia must move away from oil being a prime source of its income from imports and focus much more on harvesting the abundant natural resources the country has to offer. Seeing that Saudi Arabia is the leading exporter...
Saudi Arabia–$60.9 billion in 2011 Diesel and gasoline sold in Saudi Arabia are about 12% and 30% of international reference prices, respectively. Saudis enjoy the second lowest domestic fossil fuel prices in the world, behind only Venezuela. In 2009, the Kingdom spent a total of $32.5 billion on fossil fuel subsidies. In 2010, this figure increased...
