Arab Today, arab today we must prepare for an upcoming nonoil era
Last Updated : GMT 14:19:06
Arab Today, arab today
Arab Today, arab today

We must prepare for an upcoming non-oil era

Arab Today, arab today

Arab Today, arab today we must prepare for an upcoming nonoil era

Abdul Rahman Al-Rashid

Bahrain was once a rich market for the pearl trade. One morning, things changed as Japan discovered cheaper and more productive industrial alternatives. Bahrain’s main trade collapsed, fishing boats stopped and the Gulf lost one of its biggest financial resources. The same could happen with oil, as alternatives are being developed and governments are being encouraged to support electric cars and plan to end the era of gasoline and diesel cars.

Britain, France, Germany, the Netherlands, India and China have announced their intention to get rid of petroleum fuels for cars. Cars replaced older means of transportation such as horses and donkeys. Today history is repeating itself. This makes Saudi Arabia’s Vision 2030 an existential matter as it is based on finding alternative incomes to oil.

The new area will require rationalizing a huge portion of government spending, educating people on how to manage their savings, reforming education and employment, and empowering women. The later we leave it, the harder the task will be. Although gasoline and diesel cars still have two decades in their lifespan in a number of major world markets, oil revenues are suffering due to price fluctuations and alternatives.

This pressures planners to accelerate the search for solutions. The economy cannot survive with these very high rates of foreign employment and local unemployment, or with government support for various goods and services. This will make the task very difficult for the government and citizens over the coming years. We will see an end to servants and drivers, and difficulty in acquiring a paid or guaranteed government job.

Planners need to think deeply how a country can distinguish itself by means of industry or service. Should it head toward religious tourism or expanding industrial oil products? Should the focus be on sciences from the early stages of education? Nobody doubts the need to rely less on oil, which makes Vision 2030 a responsible strategy before a historic change in the car industry that will be a major blow to the oil market.

We will witness a heated race between reducing reliance on oil resources and on its derivatives of car fuel. Ditching gasoline and diesel cars does not mean the end of the oil age, but it strikes at products and markets that are the source of our main income.

Despite that, oil will remain a source of life in other areas for a long time. It is fuel for aircraft and ships. It operates electricity generators and runs desalination plants. It is used in the heating sector, as asphalt, and is a key component in many industries from iron to shampoo and toothpaste.

Skeptics say the 20-year time limit for gasoline and diesel is unrealistic, oil will continue to be needed, and the proportion of electric cars in Britain is only 1 percent today. But the world has changed quickly and embraced modern techniques. This may be the case with electric cars, as its technology is progressing with amazing speed. Hence we must be optimistic that we can overcome this crisis.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today we must prepare for an upcoming nonoil era Arab Today, arab today we must prepare for an upcoming nonoil era

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Israel police detain 15 over campaign

GMT 14:19 2017 Monday ,23 October

Israel police detain 15 over campaign
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today What's the reason and what you can do

GMT 05:44 2017 Sunday ,22 October

What's the reason and what you can do
Arab Today, arab today Egyptian artist presents new collection of designs

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs
Arab Today, arab today Syrian children die of hunger

GMT 19:25 2017 Sunday ,22 October

Syrian children die of hunger
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 10:37 2017 Thursday ,12 October

Cara Delevingne accuses Weinstein

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 14:44 2017 Monday ,29 May

Al-Jeddawi presents décor ideas for Ramadan

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 10:18 2017 Saturday ,21 October

How to do open-heart surgery

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday