• 5 minutes Covid-19 logarithmic growth
  • 8 minutes Why Trump Is Right to Re-Open the Economy
  • 12 minutes Charts of COVID-19 Fatality Rate by Age and Sex
  • 14 minutes China Takes Axe To Alternative Energy Funding, Slashing Subsidies For Solar And Wind
  • 12 hours What If ‘We’d Adopted A More Conventional Response To This Epidemic?’
  • 3 hours Which producers will shut in first?
  • 12 mins Cpt Lauren Dowsett
  • 2 hours The Most Annoying Person You Have Encountered During Lockdown
  • 31 mins Its going to be an oil bloodbath
  • 5 hours Pumping Dollar V Pumping Oil Match
  • 14 hours Why should ANY oil company executive get ANY bonus now?
  • 8 hours The idea that electric cars are lowering demand is ridiculous.
  • 24 mins How to Create a Pandemic
  • 1 hour Natural gas price to spike when USA is out of the market
  • 2 hours Iran-Turkey gas pipeline goes kaboom. Bad people blamed.
  • 12 hours CDC covid19 coverup?

Breaking News:

IEA: OPEC Can’t Save The Oil Market

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.

By. Gregory White


Download The Free Oilprice App Today

Back to homepage






Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News