At the moment, nearly all of the countrys energy comes from fossil fuels--two thirds from oil and the rest from natural gas. Now, the kingdom is looking into renewable energy options, particularly solar. Rather than continuing to burn its vast oil reserves, Saudi Arabia will use oil to create other products.
"Oil is more precious for us underground than as a fuel source. If we can get to the point where we can replace fossil fuels and use oil to produce other products that are useful, that would be very good for the world," the prince said. "I wish that may be in my lifetime, but I dont think it will be."
