In what should sound as an alarm to those who see fossil fuels as an integral part of their livelihood well into the foreseeable future, Saudi Arabia, the world’s leading oil exporter, is now worried about supplying its own oil consumption habits, not to mention the rest of the world. As a result, Saudi Arabian officials are working out plans to reduce their dependency on fossil fuels and make better use of alternative sources of energy. This is following recent estimates that in just 20 years, Saudi Arabia will need to majority of its oil supply to satisfy its domestic demand. As it stands, Saudi Arabia uses approximately 40 of the oil it produces, exporting the remaining 60. Were trends to hold and oil continue to be produced at the same output, based on 2031 figures, Saudi Arabia would only be producing enough oil to sustain itself under current operating patterns, with little to no oil left to export. Read the rest of this entry »