Prospects for Alternative Energy in the Gulf

Abstract

The Middle East region holds the world's largest oil and natural gas proven reserves. Several Middle-Eastern states are major oil producers and consumers. Given price fluctuations and environmental concerns, many countries have sought to diversify their energy mix. The Middle East is no exception. This paper analyzes the geopolitical, economic and strategic forces behind this diversification in the Middle East and highlights the main advantages and disadvantages of each source of energy.