My new Golden Age of Green Energy report should hit email in-boxes today. I’m actually nervous about it because I’m away from the office, so I hope all goes well.
Anyway, the news continues to roll in on Green Energy. You might find this interesting …
Arab Nations Want a Piece of the Green Energy Pie, Too
Europe, North America and Asia have been the primary drivers of the green tech industry thus far, especially in the realm of wind and solar power. Meanwhile, Arab countries have maintained their dominance over oil and gas exports, controlling 45 percent of oil and roughly one quarter of all gas reserves globally. But now, either to claim their stake in a burgeoning industry or to prepare for life after oil and gas, several Arab states are making aggressive moves to develop their own domestic renewable energy industry.
XX Sean’s note — I think it’s fascinating that the oil-rich Arabs are making plans for life after gas and oil. That’s one reason why I think green energy is a winner.
Related Posts
- HoweStreet.com — The Green Energy Interview (02/08/10)
- Tax Break for Biomass, and Other Alternative Energy News (02/12/10)
- Obama Gives Offshore Drilling the Green Light (03/31/10)
- Big Fat Subsidies for Energy Companies (07/05/10)
- 4 Energy Stories for Monday (10/19/09)
{ 2 comments… read them below or add one }
Why do taxpayers need to fund “green energy” if it is so wonderful why cant its development be funded by private capital?
I understand your logic that green energy investments will rise because governments are pumping money into this sector…probably creating another bubble. However, what I don’t understand is why oil companies are not drilling and producing oil from the vast Bakken reserves right here in the USA. Could you comment/explain?