Saudi Arabia’s energy consumption pattern is unsustainable. The country currently consumes over one-quarter of its total oil production – some 2.8 million barrels a day. This means that on a ‘business as usual’ trajectory, it would become a net oil importer in 2038.
“You Americans all want to get rich quick and easy,” she continued. There’s a time and a place for that, Yuliya went on to say. But first you have to start slow.
If you’ve never caught a 100-pound tarpon, I suggest you do so immediately. If you haven’t yet diversified your energy portfolio, I suggest you do that, too.
The U.S., Europe, and Japan have filed a lawsuit against China’s export restrictions and near-monopolization of rare earth elements, some of today’s hottest, most pivotal commodities.
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