Saudi Arabia outlines sweeping 15-year economic reform plan.

[Teeqoz]

Goatseye said:

Teeqoz said:

They have deposits to sustain their economy for another century....

 

 

... If the world continues to be reliant on [Saudi] oil. Which it won't, in two ways. One of which, as you are saying is that other countries are increasing their own production, the other being a switch that has just about begun, but which will bring about a massive change in the next five to ten years, especially in western countries.

5-10 years? In the US oil companies and Republicans are fighting tooth and nail so fossil fuel can be more prevalence than green alternative.

Fossil fuel is gonna be common a good 20-30 years as it become cheaper.

I obviously don't mean that fossil fuels will be fully phased out or anything like that. I just think you'll start to see a shift that'll only accelerate in the next few years. I mean, green (For lack of a better common name) is already seeing exponential growth. But I'll concede, 5-10 years is probably optimistic. 10-15 years is more like it.

 

The shift will certainly be big enough that ARAMCO will feel it.