BendiNewsTest: Saudi Arabia is Investing Heavily in Solar Power; Is This the End for Big Oil?

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Thursday, September 4, 2014

Saudi Arabia is Investing Heavily in Solar Power; Is This the End for Big Oil?

When the country with the largest oil reserves in the world decides to start investing in renewable energy, it may well be a sign that the age of big oil is coming to an end. While the US is still focused on fossil fuels – whether drilling, importing, or otherwise – the Kingdom of Saudi Arabia has realized that relying on a finite energy resource is not the smartest move, and it has begun to implement more solar systems into its electrical grid instead of older diesel generators.