Saudi Arabia is the world’s largest oil exporter, but it is nevertheless embarking on its own energy transition.

As part of the Kingdom’s 2030 Vision plan, the country’s goal is to have 35 percent of its energy generated by renewables, with a heavy emphasis on solar power.

It is known as the Han River Dynasty, a near six-decade run of blistering economic growth that made South Korea the 11th-largest economy in the world today. For the average citizen, it has meant from 1960 through 2018, per capita incomes rose 30-fold to over $30,000. 

The US and Russia, for decades Cold War adversaries, are now preparing for what appears to be a showdown over delivering natural gas to the EU. 

It took oil ministers five hours behind closed doors at OPEC headquarters last Friday in Vienna and they had a full 48 hours beforehand at the OPEC International Seminar held at the grand Hofsburg Imperial Palace, but they cobbled together a deal that is still lacking in clarity.