Red Cafe in meltdown

bobbyowenquiff said:
Another thing you don't hear much about is that the UAE is a world leader in renewable energy and our owner is involved in developing the world's biggest solar power plant. The oil may be running short but I am sure it will not impact much on Sheikh Mansour and his booming £100bn investment portfolio. These stories just don't fit the established narrative for the UK media.

www.forbes.com

World’s Largest Solar Power Plant Moves Forward In Abu Dhabi With Contract Award

2GW plant is to be developed by a multinational consortium and should start producing power within two years
www.forbes.com www.forbes.com
Click to expand...
UAE economy less than 50% from oil. Massive investment in agriculture, property, sport, tourism etc etc.
 
vincent said:
Just as a note on the Oil running out nonsense. Countries in the Middle East have +80 years worth of reserve (nearly 50% of the planets oil) and that is based on extracting oil 24/7 365 days a year and producing 30 million barrels a day. Mind boggling really.
Click to expand...
Hopefully most of it stays in the ground and the world stops using it for power and we start to revolutionise where we get our power from.

But the Sheikh will be fine because he’s got numerous businesses across numerous industries, he’s still going to be a billionaire ongoing even if the entire world stopped using oil tomorrow. And City will be fine since we’re now not even using the Sheikh’s money, it’s our own revenue we spend.
 
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