Today, oilprice.com is reporting that Saudi Arabia plans to build sixteen (16) nuclear reactors within the next 20 - 25 years -- total cost: over $80 billion. [By the way, isn't that what the California bullet train is now expected to cost?]
Saudi Arabia currently uses about 25 percent of its oil production domestically, and as the World Nuclear Association recently noted, while production is unlikely to rise substantially, this is not the case with demand for electricity, which is booming.
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Tulip Season
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