August 17, 2012
June 6, 2012
King Hamad bin Isa al-Khalifa of Bahrain is one of America’s key allies in the Persian Gulf. He’s also among a growing number of political leaders in the Middle East who see more than oil in the region’s future. After all, the Middle East is blessed with an abundance of another natural resource: sunshine.
Bahrain wants to take full advantage of this reality, and harnessing solar energy has become a top priority in the country. But the government has also taken the surprising step of seeking long-term partnerships with leading American solar energy companies.
Continue reading “Can U.S. exploit Middle East green energy potential? [CNN.com]” »
November 16, 2011
Caspian Energy advances smart solar energy in the Middle East with landmark deal in Bahrain
Petra Solar, The National Oil and Gas Authority (NOGA), The Bahrain Petroleum Company, and Caspian Energy Holdings Announce Landmark Smart Solar Project in Bahrain
Distributed Smart Solar Energy Project in Awali breaks new ground by bringing both solar power and smart grid technology as a first step towards building a smart city in the Gulf
Petra Solar, a technology company focused on providing reliable, cost-effective smart energy solutions to the electric supply industry, The National Oil and Gas Authority (NOGA), The Bahrain Petroleum Company (BAPCO) and Caspian Energy Holdings today announced an agreement for a five megawatt distributed smart solar energy project that will bring solar and smart grid benefits to the BAPCO township of Awali, the University of Bahrain and other locations in Bahrain. The project will leverage smart solar technology developed in the U.S. by Petra Solar to generate electricity in a reliable way that stabilizes the grid and will potentially create jobs at several skill levels in Bahrain. The project, a collaborative effort among the U.S. consortium, NOGA, BAPCO, The Electricity & Water Authority (EWA), academia, industry, and government, demonstrates Bahrain’s commitment to solve the challenges of energy security, climate change, and economic development through global partnerships and collaboration. It is the first phase of a national energy plan to generate electricity from renewable sources. Smart solar is an innovative approach that couples solar with smart grid technology and is deployed in partnership with utility companies to generate clean, safe renewable energy while making the electric infrastructure more stable, efficient and energy independent. This approach builds large scale solar in a reliable fashion that avoids future costs of rebuilding the grid. Continue reading “The Future of Solar Energy is Now” »
June 29, 2011
Forbes magazine recently ranked the top 70 most influential leaders in the world and ranked Saudi King Abdullah in 6th place. I would argue that the ruler of Saudi Arabia ranks as one of the top four most consequential leaders of today on par with the U.S., Russian and Chinese presidents. President Barack Obama’s observation that what happens in another part of the world affects us here at home could not be closer to reality and is the reason why King Abdullah matters to global stability.
As the world’s top crude oil producer and owner of 20% of the world’s remaining oil reserves, Saudi Arabia holds the key not only to America’s wallets but also to the global economy. What happens in Saudi Arabia can touch every corner of the globe. For example, if King Abdullah decides to use oil as a weapon it could directly impact American consumers and cut into disposable income. Luckily, the King views his stewardship of 270 billion barrels of crude oil as a means to allow the global economy to function smoothly and without price disruptions. Imagine for a moment what the hate-mongering Supreme Leader of Iran, Ali Khameni, would do if he controlled the world’s largest reserves of petroleum. Continue reading “Saudi Arabia’s Consequential King” »
March 29, 2011
What’s behind the timing of President Obama’s release of oil from the Strategic Petroleum Reserve? Energy Now! anchor Thalia Assuras talks with Rob Sobhani, president of Caspian Energy Consulting, to ask why policymakers released oil from the SPR now, instead of when prices were higher, and if Middle East turmoil is enough to justify it.
To watch the video, visit Energy Now!
A well-rounded global energy policy means that a broad spectrum of countries are producing a wide range of oil and gas products. In this way, temporary distribution issues in one country do not slow down the global economic recovery, which is dependent on petroleum products. The key to this equation is Saudi Arabia. As the world’s largest oil exporter oil price stability depends on Saudi Arabia’s policy to keep prices within a band that is fair to both consumers and producers.
While visiting the Persian Gulf earlier this month, I met with a number of officials to discuss how the global economy has been affected by the recent events in the region. Higher oil prices are a net result of political and economic instability while the need for genuine reform is most likely the underlying cause of these events.
One way for the global economy to protect itself from price instability is closer cooperation between oil producing countries and consumers. This cooperation should also include partnerships with countries like Saudi Arabia, Bahrain, Israel and Qatar to develop alternative sources of energy.
Forward-looking countries like the United Arab Emirates, Bahrain and Qatar are already laying the foundations for the establishment of a green economy.
But until such time as alternative energy takes hold, the United States — and the rest of the world — will have to rely on crude oil imports for economic growth. This means that the U.S. must strike a balance between the stability of countries such as Bahrain, Saudi Arabia and Qatar and our commitment to good governance.