• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 1 hour GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days The United States produced more crude oil than any nation, at any time.
  • 9 days e-truck insanity
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 8 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 7 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 9 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 12 days Bankruptcy in the Industry
Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Scientists Unveil Breakthrough in Fusion Reactor Technology

Princeton Plasma Physics Laboratory researchers…

Russia Leverages Its Nuclear Expertise in Africa

Russia Leverages Its Nuclear Expertise in Africa

Despite Western sanctions, Russia is…

Business Insider

Business Insider

Business Insider is one of the leading Business and finance news sites online.

More Info

Premium Content

Saudi Arabia to Build the First Nuclear Power Station in the Gulf States

The government of Saudi Arabia has announced a new section of its capital Riyadh is set to be powered solely by nuclear energy. This will be the first nuclear power plant in the Gulf states, and the first in the broader Middle East.

If the U.S. government backs Saudi Arabia's bid to build a reactor, they'll be creating the potential for nuclear growth within the GCC, or Gulf Cooperation Council, whose members include Saudi Arabia, Qatar, Kuwait, Bahrain, the UAE, and Oman.

All of those states are also reviewing the possibility of producing nuclear fuel, so they can export more oil and gas to foreign markets.

The GCC is largely allied with the United States and their key security issue is Iran's rise in power across the Persian Gulf.

The U.S. must be concerned that by allowing oil-rich ally Saudi Arabia to invest in nuclear technology, it will be further escalating its conflict with Iran.

The talk of a double standard in terms of peaceful nuclear energy in the Middle East will have further credence if the U.S. allows a Gulf state to make the move to nuclear.

The main issue is the non-proliferation treaty. While most of the states in question have joined, Israel remains outside the scope of the treaty and Iran is defiant of the precepts it signed.

Peaceful nuclear power could be the straw that breaks the region's geopolitical back.

ADVERTISEMENT

By. Gregory White


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News