Middle East Economic Survey

VOL. LIII

No 11

15-March-2010

Falih Highlights Fossils Fuels Vs Renewables Concerns

There is great uncertainty over the future of energy, and a particular concern for the petroleum industry is a growing expectation that renewables will fundamentally transform energy demand overnight, according to Saudi Aramco President and CEO Khalid al-Falih. In a keynote address to the CERA Week conference in Houston on 9 March he warned: Such an assumption ignores the thorny issues...