The Nations on the Arabian Peninsula, most notably Saudi Arabia, already dominate world oil production. Today’s news suggest the region may try to boost its oil output, while at the same time concentrating on developing renewable energy sources like solar, and shale gas. Both ‘resources’ are plentiful in the region. Recent reports have shown that Israel also has access to massive opportunities in shale oil. Saudi Arabia’s oil minister has announced that the energy giant is looking to employ fracking at home in order to access an estimated 600 trillion cubic feet of natural shale gas reserves. The find would also give…
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