In a speech in Houston on Tuesday, Saudi Arabia Oil Minister Ali al-Naimi expressed concern that too much emphasis on alternative energies would mean lack of funding for oil investments.
"Substituting the current energy infrastructure will be "prohibitive" in the short term and given the massive scale of the global energy system, a rapid change to alternative energy will be "costly and impractical," al-Naimi said yesterday at an energy summit in Houston organized by the Cambridge Energy Research Associates.
"While the push for alternatives is important, we must also be mindful that efforts to rapidly promote alternatives could have a chilling effect on investment in the oil sector," al-Naimi said in a speech on "Achieving Energy Stability in Uncertain Times" on Tuesday, according to Reuters.
"A nightmare scenario would be created if alternative energy supplies fail to meet overly optimistic expectations, while traditional energy suppliers scale back investment" he added."
FULL STORY: Saudi oil chief sees 'nightmare scenario' in alternative energy push
OPEC Plus Decision to Reduce Oil Output Could Lead to Global Recession
A decision earlier this month by a group of the world's largest oil exporters to drastically reduce oil production to stem the decline in oil prices could be a ‘tipping point’ for a global recession, says the International Energy Agency.
Pumping More Oil to Lower Gas Prices
Proponents of increased oil drilling in the U.S. to replace banned Russian oil argue that it will decrease prices at the pump. A Texas reporter examined the claim with a University of Texas energy analyst. If only it was that simple.
Biden Administration's Energy Hypocrisy Exposed
World Oil, an energy publication, slightly annotated a Bloomberg News article to expose the hypocrisy of the Biden administration: curtailing oil production at home while pushing to increase it abroad.
Pennsylvania Mall Conversion Bill Passes House
If passed, the bill would promote the adaptive reuse of defunct commercial buildings.
Planning for Accessibility: Proximity is More Important than Mobility
Accessibility-based planning minimizes the distance that people must travel to reach desired services and activities. Measured this way, increased density can provide more total benefits than increased speeds.
Fair Housing Cannot Take a Back Seat to ‘Build, Baby, Build’
If we overlook fair housing principles in the plan to build US housing back better, we risk ending up right back where we started.
LA Metro Board Approves New 710 Freeway Plan
The newest plan for the 710 corridor claims it will not displace any residents.
Austin’s Proposed EV Charging Rules Regulate Station Locations, Size
City planners say the new rules would ensure an efficient distribution of charging infrastructure across the city and prevent an overconcentration in residential areas.
Making California State Parks More Climate-Resilient
A recently released report offers recommendations for keeping state parks healthy and robust, including acquiring additional land for conservation and recreation.
City of Costa Mesa
Licking County
Barrett Planning Group LLC
HUD's Office of Policy Development and Research
Mpact Transit + Community
HUD's Office of Policy Development and Research
Tufts University, Department of Urban and Environmental Policy & Planning
City of Universal City TX
ULI Northwest Arkansas
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
