Is Saudi Arabia really quitting oil?
ฝัง
- เผยแพร่เมื่อ 13 พ.ค. 2024
- Saudi Arabia has ambitious green energy goals, aiming to go carbon neutral by 2060. But what does that mean for their fossil-fuel production? Well, the Kingdom is aiming to have its cake and eat it too.
#SaudiArabia #FossilFuels #renewableenergy #planeta
Disclaimer: After our deadline in April 2024, reports emerged that Saudi officials had greatly reduced the proposed size of The Line for budgetary reasons. At the time of publishing, those reports have not been officially confirmed.
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What do you think of Saudi Arabia's strategy?
There have been plenty of debunking the feasability of this neom/line thing. Cities are build in square/circle shapes for a reason. This is a glitsy, fancy talk fleece some ignorant rich people scheme.
❤👏
Not much.
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I wouldn't trust them. I think they will torpedo following COPs and try to keep the world dependent on oil as long as they can.
They have to give up slavery Kafala system first to become free economy.
Psycho.pathic.
They are doing EVERYTHING possible to thwart global efforts at divesting from fossil fuels, despite knowing very well that the path they are on dooms billions of people... and most species on earth.
The Asian bling or display of wealth seems to be the most elaborate of all races. It's mind-blowing sometimes the extent they get to.
Absolutely! I mean, have you seen some of those mega yachts and private islands they own? It's like they're living in a whole different world.
And don't even get me started on their custom-made supercars and designer wardrobes. They definitely know how to flaunt their wealth.
Yeah, it's pretty impressive. But you know what's even more interesting? Most of these wealthy Asians have someone like Desiree Ruth Hoffman managing their portfolios.
Desiree Ruth Hoffman? Who's that?
@@AshleyKeith-vw7ws DESIREE RUTH HOFFMAN she’s known for her assortment manager and holistic approach to financial planning of high-net-worth individuals , considering factors like income, expenses, and long-term goals. she's been making some serious waves in the industry
To quit oil, they'll need to stop spending insane amounts of money on silly things like the "line".
they'll quit oil when either there is no demand for it, or when they run out of it. its their only significant money maker, it would make zero sense to stop producing. if they want to transition to clean energy, they need money to do so.
@@jiggy7108 You're forgetting that it would also make sense to stop producing if there was nothing left to produce.
@@42VS42 but they have a huge reserves
@@42VS42 they have lots of oil left.
@@jiggy7108 Relative to the amount of crude oil I own, I agree; relative to the amount they claim to have, I doubt it.
I'd like to see them turn the whole peninsula green, now that would be epic
They can, if they introduce water to certain areas via small rivers, lakes, etc and then have the correct plants (deep rooted fast growing weeds) that can help create soil and retain moisture in the ground. It's how the landscapes evolved throughout millennia around various parts of the world; water sources and the correct animal and plant life working in harmony and creating a balanced ecosystem
you wont see it because the line project has been reduced from 170 kilometers to 2.4 kilometers.
@@the0ne809 fake news
As soon as the lizards 🦎 re-take the world 🌎.
@@the0ne809 It has always been the plan to build (The Hidden Bay) 2.4 km first but TH-camrs hyped it up!! It’s called the first stage 2030 not full completion. Second stage 2045. Third stage around 2055. Completion around 2060.
Looks like German 🇩🇪 propaganda
They have shrunk Neom to just a few percent if its original plan for now.
Hey there! Yes, after our deadline reports emerged that Saudi officials had greatly reduced the proposed size of The Line for budgetary reasons. However, those reports have not been officially confirmed yet.
Lol they finally realized that Neom is like thousands of skyscrapers like Taipei 101 and so is the cost...
A few percent of an unimaginably stupid idea is still very stupid.
@@DWPlanetA 98% cancelled 😂😂😂😂😂😂 fail
None of that is true or official.
those reports had no verifiable source. but sure
You've said it all: It's an extremely wasteful nation with a huge energy demand to sustain life. Desalination not only requires enourmous amounts of energy, it also produces tons of salt that cause ecological harm when just discharged into the sea (as the Saudi's are doing). Additionally, producing your own energy in a "clean" way, while still increasing oil exports, is just a fascade.
To be fair though, there are ways to desalinate without dumping vast quantities of salt back into the ocean. The brine could be used to make sea salt (and it would be more useful for it anyway, as it's already concentrated), as well as mineral extraction. In the places wherein desalination is used, this has not been a priority so far, but there's nothing impossible or unfeasible about it.
Not that I tihnk that Saudi Arabia would care about doing it in a less destructive way, it nonetheless can be done.
@@op4000exe ofcourse there might be solutions once we figure out how to treat the brine, but this is not that straightforward and until then, these nations will continue to dump it into the sea just like you said.
@@ian4683 Honestly I don't think the solutions are complicated, nor do I think that's the issue. I find it significantly more likely that they just won't care though. As it's probably not worth it (in their minds).
Sea salt is already made by evaporating sea water in pools, if the water just had higher salinity to begin with, it would just need less evaporation.
@@op4000exe Desalination scale brine is not just clean salt but concentrated everything you find in modern sea water and pretty nasty stuff when fully dried.
@@JeffBilkins So is the regular sea water used to make sea salt. It's not cleaned prior to making sea salt.
My question is why are all the projects so ridiculous massive? why not aim for things based on grounded science and engineering? Generating 30% of your power from renewables, making homes energy efficient, investing in efficient and reliable public transportation projects nation wide.
when goals are realistic you run the risk of hope and failure will demand accountability,where as unrealistic goals will never seek tangible result kind of like faith
These projects don’t make the news. They do exist but they aren’t the ones TH-camrs will make videos on. In the capital Saudi is improving (creating) public transportation systems for example. That’s way more useful to locals but not that interesting.
Larger kicks backs😅
They are actually working on many fields including the ones you mentioned it’s a whole country bro the line is just one out of thousands projects
Bro we are literally doing this right know go see our other projects
The way MBS did Kashoggi is a huge no go. Saudi Arabia can eventually recover from that but not that MF. Rest in power Kashoggi.
You can not do any thing about it.. Similar to other leaders who committed much more horrific murders. Nobody can touch those except GOD
170 km 😂😂😂😂 his Majesty took a lot of 🍾
Are you done ? They are literally building the 170km city while you are talking 😂 and no it’s not 20km
@@oFaisalo lmao no they aren't. it was announced a few days ago that it was cut down to only 2.5km long lmao
@@oFaisalo 2.4 kilometers will be built by 2030 "#Reference: Al-Jadaan"., if the necessary investments are available. Try to imagine yourself living in a train that is 2.4 kilometers long 🧟.
@@Fenthule It was not cutted down!!! It has always been the plan to finish 2.4 km by 2030. It’s called the first stage. TH-camrs hyped it up as if 2030 is the total time needed to finish the entire project!!
@@FenthuleAnnounced by who? Enlighten me please!!
Its a bad idead to build a city in a straight line
Suadis 2037: This is the C I R C L E, 500km next gen city
Make salt bricks out of brines and use salt as battery to store solar energy to be used at night or when sun is not bright
Talking about combining salt and sand to make batteries sounds familiar. We did a video about that a while ago 👉 th-cam.com/video/-vobMl5ldOs/w-d-xo.html Check it out and let us know what you think ✨
Now do the: Is Germany really quitting Coal ?
Hypocrisy man shameless hypocrisy
Yeh, the most stupid idea of shutting down nuclear.
They covered this in 'Is Germany's nuclear exit a mistake?'
@@johncompassion9054
More like people don't understand that the video has to stay on topic.
And do you think, DW represents the german government? No.
They are just hypocritic haters
About Carbon Capture - German Tried in in Spremberg, that is the result (source:wikipedia article Schwarze_Pumpe_power_station) :
On 26 May 2006, construction started on an oxy-fuel combustion process carbon capture and storage pilot plant in the Black Pump industrial area. With a thermal power of 30 MW, the plant burned coal with pure oxygen (nitrogen-free) gas, replacing air in what is known as oxy-fuel combustion. The idea was that the resulting carbon dioxide would be compressed and liquefied. It would then be put into geologic formations and stored so as not to contribute to global warming. The aim of the plant wasn't to produce electricity but to produce steam, which would then be used by nearby industries.
Vattenfall stopped carbon capture research and development at the plant in 2014 because they found that "its costs and the energy it requires make the technology unviable."[2]
I thought the linear city was already declared a financial failure.
Investing in a country that lacks a democratic constitutional framework poses significant risks for foreign investors, effectively making it an unfavorable option. Investors are subject to the caprices of an authoritarian regime rather than the predictability of democratically enacted laws, which are upheld by the separation of legislative and judicial powers.
what about china and veitnam
@@adamsaciid4919 Indeed, the situation in China exemplifies the risks being discussed. In recent years, investor confidence in China has waned due to several factors. The stringent espionage laws, with their broad and ambiguous definition of 'espionage,' have made foreign companies apprehensive about the potential for activities to be misinterpreted as espionage. This is particularly concerning given the restriction on data leaving China, affecting many foreign firms that depend on data access.
The case of Jack Ma and the Ant Group further illustrates these risks. Criticism from Jack Ma towards the Chinese government led to heightened tensions and the eventual halting of the Ant Group's IPO. Subsequent changes in the company's governance structure significantly reduced Jack Ma's control from over 50% to just over 6%.
Additionally, the widespread crackdown on Chinese tech giants has resulted in decreased market values, revenues, and profits for these companies.
Regarding Vietnam, while I lack detailed knowledge about Vietnam, the absence of a democracy based on the rule of law suggests potential parallels in investment risk.
The ability to recall prominent companies from a country reflects its economic visibility and investor confidence. While many can name numerous large American companies, the same cannot be said for countries like Russia, Pakistan, Qatar, and Hungary, indicating a disparity in global economic prominence and perceived investment security.
Good video, thanks. This is a great and vast topic. My take is that it's a good thing that Saudi are putting some investment into renewables, it just makes the sector better the more countries get involved. Norway have a similar economy but obviously do a much better job of it
I do not know on what basis Khashoggi topic is brought up. This case is done and
dusted
In April 2024, the project's goal was modified again to be 2.4 kilometres (1.5 mi) long, representing a 98.6% reduction in its length. This scale back is likely due to the Saudi government's inability to attract foreign investments in the project and the nation's dependence on oil prices.
let's not forget that one of the reasons that MBS had Khashoggi chopped up into tiny pieces is that he went on Al Jazeera and said that the cost of this project which is not allowed and scrutiny and criticism has the potential to ruin Saudi Arabia
162 billion of Petro dollars a year
How much do they give for charity to third world?
"the kingdom" aight then...
I don’t like the analogy ‘Arabian leopard has not changed its spots’, if the Saudis don’t capitalise and raise revenue from their oil reserves, is anyone willing to boost foreign investment into their economy? I think it’s good they are transitioning to renewables, even if it’s an economics based decision. I would hope where there is room to straddle the border between renewables and oil, they would lean towards renewables. I recall one of the Saudi ministers pledging to improve working conditions for foreign labour, which is a good sign.
I lived in S.A. and trained their airman on the strike eagle F 15 and as long as they have TCNs to do the work they will half ass it.
Good on them for thinking lung term. It's so hypocritical to judge them for producing oil when our countries are the ones consuming it
Back in high school, i remember us worrying about the depletion of fossil fuel since it's a non renewable energy, and we need it for virtually everything. Now that the world shifts greatly toward renewable energy, the tone changed, we care less about it running out, we care more about its impacts on the environment. This is a huge progression happening Infront of our eyes, and I'm optimistic about the future.
Hey there! We actually tackled exactly what you mention: The fear of oil running out in one of our recent videos. Check it out and let us know what you think 👉th-cam.com/video/fkrJ8gcHqQI/w-d-xo.html
Electric vehicles are heating the market. Innovation in new renewable energy will continue and crude will only be used in chemical by year 2100.
Saudi Arabia should do more in developing new industries.
Big ambitions, Big words, Big Egos, Big Fails! Grand plans in paper and creative video renderings, until Reality brings in the rude awakenings! When sheer stupidity overtakes sound wisdom and common sense, the likelihood of failures become more evident.
Achieving a carbon-free world and addressing the dangers of climate change require individuals who truly believe in and comprehend these concepts. With respect to Saudi Arabia (KSA), many residents there may not fully grasp these terms and issues due to their different cultural context and limited exposure to modern societal values. The culture in KSA prioritizes materialism, with a preference for large cars, noisy lifestyles, and excessive spending, rather than investing in knowledge production. Even their efforts to "green" KSA, such as cloud seeding and cloud theft, may inadvertently worsen global climate conditions. Unfortunately, in countries like KSA, where speaking freely can lead to fates like Jamal Khashoggi's, meaningful change seems unlikely.
what will happen? if same happens with neom city like as petra.
Apparently they're shortening the line to a quarter of it's size
Not true, no offical reporsts say that
@@hamadalkalbani4122 Didn't think it was true till unless. But, truthfully who wants to live in a lego piece? haha
@@HeavenRecords444 I think many people want to, including me
@@HeavenRecords444 Genuinly, It would be amazing to live there. It is a combination of nature, civilization, and heritage.
Fake it, until you make it.
So they want a train that can make 500 stops in 20 minutes. Man they better consult with Santa claus🎅
They should change all their lights into LED.. They are still using lights from the 1990's in the roads, homes and businesses
0:40 "It all sounds great on paper but..." Let me stop you right there: Even on paper it sounds really impractical and dumb.
Focus on the agriculture and the ecology!
Who lough in the end will lough a lot 🇸🇦👍🏼
They need underground cisterns and ground retainers or river beds dug to collect all their rainwater.
Yes we can
First, we need to educate these Saudis to stop exploiting workers from South Asia by withholding their wages. In many cases, workers do not receive their rightful pay after completing their work for a Saudi employer. A 'Kafeel' or sponsor may take your money and ensure the renewal of your Iqama (residence permit), but later, he will abscond with your hard-earned wages without any repercussions. This exploitation is often supported by Saudi laws.
I'm one out of many, who is looted by the Saudi sponsor.
بفلوسنا على راحتنا ونقدر نجيبك عامل مثلًا 🤣
Great to see them reducing their reliance on oil. Hopefully they can also reduce their reliance on Ethiopian slaves.
Is Saudi Arabia really respecting jornalists lives?
looks they're doing a better job than America's boss
Well, if the Russians fall off the oil export map then Saudi can have a chance to plug that gap and increase exports.
130 gig is achievable
let them scale up LNG production all they want, then invest in methane pyrolysis for H2.
Hydrogen won't get any cheaper than that. And if that doesn't make H2 competitive, nothing will.
But wouldn't investing in such a technology itself be very costly? 🤔 Also, did you already see our video on hydrogen? You can do that here 👉 th-cam.com/video/AGTjKJHu99c/w-d-xo.html ✨
I think if you got other optiins just go for them and the saudis will do what is in their intrest. Worry about yourself ❤
Some leaderships have to be pragmatic.
I think that many European countries have wandered much further into LALA-Land than any of the NEOM related projects showcased in this video.
Europe needs to get it focus back! You can’t change ANYTHING to the better if you first let all your power go - it’s very altruistic to do so, but it is totally contraproductive and dumb!!!
Saudi tactics is similar with how Norway do their things.
Green and sustainable energy / zero net carbon emissions domestically and High Profits Fossil Fuel Export.
the same thing as doing "We don't take our own goods" type of drug dealers.
Any corporation that knowingly causes harm and death from their product is a criminal organization.
You published this >2 weeks after the news that Saudi is cancelling 98½% of the Line. Makes me wonder what else you missed…
you're asking the wrong questions. Of course they need to move away from oil but is a trillion dollar ditch in the desert the way to go about it?
Saudi going to the future
😂😂😂😂😂 they have failed on the line. 98% project cancelled. It was a scam the whole time 😂😂😂
They will want to quit oil - for themselves. They presently use 25% of their own oil consumption to power desalination plants, and this will only go up. That means a huge amount of their oil production is wasted and cannot be monetised. As such, they want to move away from oil internally (they have plenty of options for renewable energy) so they can export more of it into other countries (they even have roadmaps about how to increase consumption by developing countries).
NEOM or The Line, two hugely idiotic and impossible projects, would be part of a different facet of their strategy (if made in a feasible way). They aim to diversify their economy, pure and simple.
So, to simlify: RSA want to go away from oil, but only for their own consumption. Oil still is a major part of their future.
And net zero by 2060? Who is he kidding? Expect that target to keep on moving over the coming decades.
500 bils to build it! lol it would require trillions, and 10s or trillions to maintain it.
First mistake: Saudi was founded 1727 NOT 1932.
"B.S."----- They were founded on oil. They made there mark with oil. Oil is their life. Oil is where it will stay!
I find the conclusion disingenuous - why don't DW question Norway which sells lots of hydrocarbon energy to go green
because norway actually invests in pausibly sustainable projects regarding energy generation and storage.
Dishonest or particular? 🤔 But not a bad idea to look at Norway's way of going about it too!
Really interested if this project will be ever finished
You are such a factor in The slavery They were gone, used to build neom and the other projects
Megalomania is a word that already exists. U don't gave to go down that road to prove it. 😅😅😅 Not a chance that this circus will help anyone. If they only would be able to know the difference of good and sheitan.
They have money to build 3 more citys 👍🏻💪🏻👏🏻
They're just following Europe's footsteps - exporting their emissions. European countries have been moving their factories abroad to clean up its own carbon emissions while still growing. Then, they point those the same nation and demand them to reduce carbon emissions.
Yeah, but Europeans usually don't waste their ressources or economy for useless Utopias, that will fail.
@@felicious6384 lol they're not wasting they're investing their country so they don't waste their money to buy weapons from west
No. This just us slander
TO ALL GULF COUNTRIES, could you guys make / build IN LAND SEA WATER WATERWAYS/ LAKES by FLOODING the lowest point of your desert land SO these bodywaters can COOL the desert and RELIEVING rising sea waters.
Egypt is trying to do this. And yes, this is not a mad idea.
نعم ليش لا
It would feel like a prison in the middle of a desert, humans like other animals need freedom to move and breath fresh air, not stale air from a box
what about the westren polar and Siberia it's prison🤔Educate your self before writing something like this
Quitting oil?
Saudi is using oil money to fund this mega project that will fail before the project completes.
Makes perfect sense for Saudi since their economy relies solely on fossil fuels. And to develop green renewable energy, they'll need funding for those huge projects.
saudi arabia sounds just like canada. Lots of talk while they expand their oil industry as fast as possible to try and sell as much as they can before nobody wants it anymore.
Saudi Arabia is different, the conflict in Saudi Arabia between economic individuals and extravagant people, but in Canada, there is no such waste of resources
MBS : Guys! We must improve our great nation's prestige and public perception! I heard memes are a great way to do this how do we do this?
Advisor : lol, We can create a 100km in the desert.
MBS : Awesome! Do it!
Advisor : STONKS
Don't forget all the sportswashing trying to improve their public image.
일단 사우디는 기름시대 끝나면 광물 팔면서 적당히 살지 않을까?싶음.
I don’t see Saudi acting in good faith on climate issues.
I work on a few of these giga projects, there will alwaz be skepckiticism around anything that has never been done before and few might not come along but few will and they will change the face of the region and I feel MBS is a visionary, I mean without a vision who has ever achieved anything
The line!? Isn't already pulled off?
The latest news is that it will be reduced to approximately 2 km?
Ah, you're right in that according to latest information now it has been reduced by 98.6% of its planned size. 🤔 Let's see where this goes as the wealth fund in Saudi Arabia still has to prove the Neom budget for this year.
my coments... if you wanted, most wise, educated european and american responsable scientists and politicians, with all the ai available, I guess you could accelerate the carbon capture tecnology..
I don't think it is the case that scientist actively don't want carbon capture technology. It's probably just not feasible and currently it is better to produce more renewable energy than to keep fossil fuels and mitigate their impact through carbon capture.
Joining the conversation with this video we made on carbon capture, you can check out here 👉 th-cam.com/video/JHs-eWHb16g/w-d-xo.html.
Let’s hope so.
Is that going to include poor people?
Is audio AI??
Hey there! No, it is one of our reporters speaking. How did you like the video?
The topic of the video seemed interesting but after listening to it i felt that audio is AI because for me it was a bit fast paced and flat may be because of the accent. I like your videos very much but keep in mind that many people from different demographics watch your videos so it should be suitable for every one and finally I'll give it a try again.@@DWPlanetA
Monotonous, but not AI. AI read some words wrong. At least for now.
Let's always do alot of good ❤️
I like seeing ambitious ideas and talking about them. Its good to see a country with an ambitious future vision. I wish the a UK politician had any vision at all that they could outline. I would like to see more discussions around what progeessing to green energy looks like on a national scale. As an engineer i would like to understand quantities of raw materials for solar and wind required and how that compares to what the world currently produces and a conversation about cradle to grave emissions Vs fossil fuels
It is not much different from what Norway is doing. I am wrong.
Well, you are wrong since the Norwegians don't live in a dessert and are not trying to conquer it.
@@felicious6384Norwegians, like Saudis, export millions of barrels of oil and Cubic feet of liquified gas worldwide. They will continue to do so while making their own economies less dependable on fossil fuels. Of course, there is a difference. Norway Is way ahead of Saudi Arabia in the reduction of internal consumption of fossil fuels due to their vast Hydroelectric and geothermal resources; however, I think they are about the same in that regard: export fossil for others to consume and support their economies while they reduce their reliance on it.
@@sandrea19 hydroelectric energy is too responsible for climate change/global warming as it also produces greenhouse gases into the atmosphere so Norway is no different than Saudi oil or Germany coal which is much worse
Civilization has entered late-stage capitalism.
Capitalism is an insatiable hunger, one which is inherently incapable of expressing the concept of "enough" - it's a system that must chronically engorge (without pause).
Poverty is the mother of necessity; the comfort of the rich, depends upon an abundant supply of the poor.
the Alchemist
-Ø1
it's germany who need this documentry not saudi arabia
The press can report whatever they want. You have no right to censor it.
@@c0rnichon sounds like dictatorship
Oh they quit? Awesome? 2040?! I trust that number with my whole heart.
Such a shame I got no heart to begin with
But they pinky swore!!
Supersized greenwashing coming out of the kingdom. Not surprising at all.
Sounds like just a wall to keep people out to me
Neom is a joke
Illogical
Gonoi-
Lol ... more money than brains
Whether Saudi quit oil or not the world need to quit oil as soon as possible
Great video.
No wonder foreign countries don't want to invest in renewables their if the Saudis aren't investing themselves.
German hypocrisy😂
Hey guys, if you receive an invitation to go to an embassy in October just remember life was worth it
The Best Money CAN'T Buy ~ The Venus Project
I recommend y'all this video from Climate Town that addresses this same question. And the answer is obviously NO, THEY AREN'T.
th-cam.com/video/aT0r_yJafmg/w-d-xo.html&ab_channel=ClimateTown
Not only are they not willing to roll back oil production, but they're actually seeking ways to increase demand in developing parts of the world and keep these countries hooked on their oil.
What country is totally trying to move away from fossil fuels. I'll tell you: NONE!
you will just see whatever you want to see
LOL. In your fossil fueled fantasies perhaps.
US, EU, Canada and others have set 2035 for a net zero grid and have bans on sales of new ICE vehicles. 2050 for completely net zero. By then, renewables will be so incredibly widespread and cheap. Less than 1% of the world's land surface in current generation solar panels can power all the world's grids. There is enough offshore wind to power the world several times over.
Other than the existential crisis that fossil fuels represent, all countries see energy independence as a matter of national security. Relying on a few oil producing countries for essential energy is neither responsible nor safe. Nobody likes to be under the heel of organizations like OPEC or continue to sponsor cruel oil dictators like Putin that regularly uses oil as an economic weapon.
Tourism needs Haram stuff like alcohol and music that's banned in most of SA, forcing locals to change will cause for religious people to have extremist activities 😢.
I don't think you need to force locals to adapt sports and entertainment. Young people very much welcome these changes and they are the vast majority of the population.
KSA official‘s has good command of English
🇸🇦💔🇪🇬