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Inventory Draws And Weaker Dollar Jolt Oil Prices

Inventory Draws And Weaker Dollar Jolt Oil Prices

Oil prices gained on Thursday…

Turmoil In The Philippines Sees Nickel Prices Jump

Turmoil In The Philippines Sees Nickel Prices Jump

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Abu Dhabi Opens the World’s Largest Concentrated Solar Power Plant

The United Arab Emirates are rich in oil, and as a result rich in pocket, yet unlike the US oil industry the Arab states understand that renewable energy is vital for the future, and are therefore using their petro dollars to invest in huge projects at the moment.

Abu Dhabi, the richest of the UAE states, has just unveiled the 100 megawatt Shams 1 concentrated solar power plant, the largest in the world.

The facility was developed by Masdar, the Abu Dhabi  Investment company, Total, the French energy company, and Abengoa, the Spanish solar power company, at an estimated cost of around $750 million.

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