- Saudi Arabia is preparing for a post-oil era
- The Kingdom is to establish a public investment fund with $2 trillion in assets
- Shares will be offered in an IPO early in 2017
- Severe cutbacks are being made to state expenditure
- There won’t be a total exit from the energy sector
Saudi Arabia’s Deputy Crown Prince Mohammed bin Salman has said that the Kingdom of Saudi Arabia (KSA) has considered how to face a future where it is no longer so heavily reliant on oil revenues.
A potential avenue that could be explored is that of Low Energy Nuclear Reactions or Lattice Enabled Nanoscale Reactions (LENR). This is a chemical/physical event where anomalous amounts of heat are generated when certain metals absorb hydrogen or deuterium and an external stimulus such as an electric current is directly applied.
A potential partner for KSA to partner with is Industrial Heat LLC that was incorporated in 2012 and is based in Raleigh, North Carolina. This firm has already been granted the license to sell and manufacture energy catalysers “E-Cats” in Saudi Arabia. Therefore, I do not think it unreasonable to envisage the Saudis looking for partners to help start laying the groundwork for commercialization of LENR within the Kingdom and for export overseas.
Over the next 50 years the financial fortunes of the Kingdom are going change as dramatically as the skyline of Riyadh and Jeddah.
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