Saudi Arabia Essay

Currently Saudi Arabia is one of the leading producers of oil in the world. However, it is losing its foothold on the market. Many countries, like North America, are increasing their oil production and are looking for ways to become less dependent on foreign oil. The increased competition has caused oil prices to decrease. By producing their own oil, countries not only will increase their revenues, but will also reduce their need to rely on foreign oil. By reducing their need foreign an oil a country does not have to worry that their oil supply will be cut off if they go to war.

Saudi Arabia and Iran are two countries that sit on opposite sides of the Sunni/Shiite divide, which can be argued as being the most prominent issue the Middle East faces today. Saudi Arabia is predominantly known to be a Sunni state, while Iran is largely inhabited by Shia Muslims. Both countries aspire to be the hegemonic powers of the region. Ethnically, Iran is known to be a Persian land, unlike Saudi Arabia that is known to be in the heart of the Arab world. These two countries are separated by the Arabian Gulf and throughout the twentieth century and up until today, the relationship between the two countries has been notoriously contentious. Within the past few years especially relationships between the two states have been very fragile with Saudi Arabia ending diplomatic ties early in 2016. The two states are strained over many issues of which are, interpretations of Islam, oil export policy and hegemonic regional leadership.

Being such a necessary and overused resource makes it a hotly contested subject and global issue. The United States is one of the biggest importers and users of oil in the world, which makes our need of it a major influence on several global markets. Our heavy reliance on dirty fuels, as well as every other industrialized country in the world, will lead to massive effects on the climate of our Earth. This in addition, has led to violence and war, particularly in the Middle East, over the ownership and distribution of oil and other energy resources, which in the end only serves to profit big oil industries. This problem will not stop or slow down, as the demand for energy will only increase as the world’s population and global economy continues to expand. For mainly these reasons, which will be handled more in-depth throughout this paper, the need for clean alternative energy is paramount and must be addressed within the foreseeable future should we otherwise suffer the consequences.

In conclusion, using alternative energy technologies like solar power, we can have the luxurious to provide for everything from human needs to protecting the environment than why wait before it is too late. Fossil fuel not only harms the environment but also the current and future generations. Whereas, sources like solar power can save us from burning tons of coal, releasing harmful chemicals like carbon dioxide into the atmosphere, and prevent any kind of pollution. To sum up, large oil or energy source companies and communities must expand on the uses of renewable energy

The Energy Information Administration in 2004 released puzzling information that by 2025, Saudi Arabia will have doubled the demand of the oil needed for consumption; 22.5 barrels of oil per day. Maass explains that this information cannot be more than wrong because it is simply discussing the demand for oil without taking into consideration that oil does not last forever and the field that Saudi has currently are growing old. After reconsideration, the EIA retracted their statement and lessened the amount. The author quotes Sadad al-Husseini on the topic of peak oil from his interview, “That’s not how you would manage a national, let alone an international economy. […] You draw some assumptions and then say, Okay based on these assumptions, let’s go forward and consume like hell and burn like hell.” (25). Husseini is the former Vice President of Saudi Aramco, the Saudi Arabian oil company. When Maass asks if Husseini believes the Saudi, or even the world, will ever be capable of achieving the current and projected needs for oil, he simply states, No. Saudi Arabia is just an example of the many countries with, once full, oil fields that are now facing a scarcity amount incapable of energizing the planet. And are surveying new sources for energy to profit form.

Recently, a report by REN21 (Renewable Energy Policy Network for the 21st Century) reported two facts that set the stage for the growth of green energy. First, in 2015, the global economy experienced the largest annual increase of renewable energy; second, developing economies spent more than developed countries on increasing their use of green energy. Another notable fact to mention is that the substantial increase in green energy

As an American citizen I have had first hand experience witnessing grave reports concerning the accelerated melting of the polar ice caps and the uncertain fluctuations in the average cost of a barrel of oil. These problems loom over the fate of the world economy and its environment. To answer this problem the US must set an example to invest in alternative sources of energy to decrease our dependence on foreign oil and reverse global warming. In a report made by Arjun Makhijani PhD, the president of the Institute For Energy and Environmental Research stated that, “The US renewable energy resource base is practically untapped.” If we were to

The enemy at the gate is not Russia, it's the Wahhabi's of Saudi Arabia. Those of us who comprehend the intrecit relations among foreign States, are well aware that Prime Minister Cameron is beating the drum of fear when he mentions the Russian Federation. God forbid, the Russian's exert themselves in Ukraine, and some of the other former Soviet Republics. Never mind the fact that the British and Americans continually interfere in the foreign affairs of sovereign nations, and overthrow democratically elected governments who refuse to serve as puppets to the globalists. Countless examples of this exist, including the overthrow of PM Mossadegh of Iran in 1953, as a direct result of the Iranians nationalizing the oil companies.

In contrast, some believe that renewable energy is a key factor involved in helping the economy to grow. Many jobs are created in the manufacturing and running of renewable energy plants. The renewable energy and energy efficiency technologies created 8.5 million new jobs and $970 billion in revenue in the year 2006 (Langwith, “Renewable Energy is Economically”). The American Solar Energy Society says by 2030 it could generate up to $4.5 trillion in revenue for the U.S and create 40 million new jobs. This would represent one in every four jobs (Langwith, “Renewable Energy is Economically”). This shows how vital it is to get renewable energy companies in the U.S. It is important to build a stable economy again and do it all while helping the environment.

To be specific, the AB stated even if the demand side factors suggested that the definition of the market should be a single electricity market, regardless of its sources, the supply side elements also implied that the renewable energy market created by the government should be the market benchmark which should be distinguished from the regular energy market. As stated above, it is clear that the theories of ‘supply side’ and ‘demand side’ were in the equal position. Therefore, there was not enough evidence for the AB to abandon the theory of ‘demand side’. As these two theories were in the equal position, the consumers’ views should be worth referring to. To be specific, the Panel found that the consumers do not distinguish electricity on the basis of generation technologies, prices and usage. Furthermore, the AB also expressed the same opinion, saying electricity is identical and there is high demand substitutability between electricity through various technologies. Obviously, the consumers did not care about the electricity generation sources.

56% of the United States’ consumed energy comes from oil and oil related products. 81% percent of the world’s oil reserves are found in the Middle East (OPEC Share of World Crude Oil Reserves). Therefore, the Middle East has a big say over the case of oil. U.S. foreign policy should take into consideration option four when dealing with oil in the Middle East. Option lays out the plan of continued oil-trading with the Middle East but, it immediately calls for the funding for domestic alternative energy sources. If the United States was to urgently subtract all oil importing and pull out from the Middle East, then their economies would cripple. Saudi Arabia, for example, has become an oil powerhouse in the world. 83% of the exports comes from oil (Saudi Arabia). The companies in Saudi Arabia that extract the oil are American. If the United States were to implement renewable energy sources domestically, this would allow for a stalled gray area. The U.S. could then gradually shift the economic dependency from oil, to renewable energy sources over a maximum time frame of 50 years and a minimum by 2050. Option four addresses not only the current oil problems, but it also lays out a plan that can allow the U.S. to sustain itself in the future. To summarize, option four, has the best plan for the topic of oil in the Middle East, which is the gradual withdrawal from the dependency of

Saudi Arabia has an economy that is largely dependent on oil, with the government maintaining the biggest control over the country 's significant economic activities. Saudi Arabia owns about 16% of the global oil reserves and is the number one exporter of oil (Saudi Arabia, 2013). In addition, the Kingdom of Saudi Arabia was instrumental in the formation of the OPEC (Organization of the Petroleum Exporting Countries) group, which initially comprised Iraq, Venezuela, Iran, Kuwait and Venezuela (Energy indicators, 2004). Currently, the petroleum industry constitutes about 80% of the country 's budgetary incomes; about 40% of the country 's GDP and 87% of Saudi 's export earnings. Agriculture, in addition to petroleum products, has been a major contributor to the kingdom’s economy since 1970s (Saudi Arabia, 2013). The country has been able to produce enough agricultural products for their consumption as well as surplus for exportation to the GCC member countries.

Energy is a critical component for every economy and society around the world. Energy is divided into two groups, nonrenewable (coal, oil, natural gas, and nuclear) with a finite amount found around the globe and renewable (hydro, tidal, solar, wind, geothermal, and biomass) that are constantly being replenished so that they will never run out (Green Energy Choice, 2011). The international economic impact of renewable energy is explored by examining subsidies, strategic policies, and comparative advantage of renewable energy.

     In the heart of the Middle East is a country known by many Westerners for its oil production and, often, extremist beliefs of groups within the country. The country is Saudi Arabia, and though it is thought of by many as a rather backward country, Saudi Arabia has a rich history and culture, and it is a country that revolves around Islam and the worship of Allah as the one true God.

Bahrain was once part of the ancient civilization of Dilmun and served as an important link in trade routes between Sumeria and the Indus Valley as much as 5000 years ago. Since the late 18th century Bahrain has been governed by the Al-Khalifa family, which created close ties to Britain by signing the General Treaty of Peace in 1820. A binding treaty of protection, known as the Perpetual Truce of Peace and Friendship, was concluded in 1861 and further revised in 1892 and 1951. This treaty was similar to those entered into by the British Government with the other Persian Gulp principalities. It specified that the ruler could not dispose of any of his territory except to the United Kingdom and could not