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Old 13th-June-2007, 05:08 PM
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LMagic007 LMagic007 is offline
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Actually it makes allot of financial sense. I guess they would have a fair idea of how much oil they have left. Thus converting their oil credits to solar credits, whilst they still have the oil to do so, makes good economic sense.

When their oil runs out, not much point in being an oil dependant economy in a desert land, where most other agricultural industries face a competitive disadvantage on a global scale. Basically oil runs many of these countries and their expensive oil based infrastructure and it will all collapse in a heap when they run out of oil, if they don't invest in a viable alternative sooner rather than later.

Far better for them to move toward being a solar based economy, given the amount of sun they get and the fact that they have the oil wealth to be able to afford to invest in solar at a time where its yet to be fully competitive with fossil fuel generated power. Very smart move by their government in terms of future planning, for the day when the oil wells run dry.
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