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Electric Cars Are Pushing the Age of Oil to Extinction in China (www.bloomberg.com)

submitted 9 months ago by naturalgasbad@lemmy.ca to c/worldnews@lemmy.ml

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[-] PanArab@lemmy.ml 7 points 9 months ago

It is a similar story in Saudi Arabia and many Arab countries. The oil and gas is nationally owned, and the revenues are being used to finance a massive welfare state as well as the transition away from fossil fuels.

[-] CohortCzort@lemmygrad.ml 1 points 9 months ago

I think saudi Arabia moving away from fossil fuels isnt really true considering their (ODSP) is a plan to hook the 3rd world on said fossil fuels.

[-] PanArab@lemmy.ml 4 points 9 months ago

Developing countries need cheap energy

[-] wowbagger_@lemm.ee 1 points 8 months ago

So, solar and wind? Both cheaper than fossil fuels at this point.

[-] PanArab@lemmy.ml 1 points 8 months ago

Then no one will buy the oil Saudi Arabia is selling if that's true

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this post was submitted on 26 Dec 2023

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