Saudi Arabia: Hasty Energy Transition Will Lead To Oil Price Spikes

The energy transition and the shift toward renewable energy have to be managed very carefully in order to prevent a surge in oil prices as energy demand continues to rise, according to Saudi Arabia’s finance minister. “We have very serious concerns that the world could run short of energy if we are not careful in managing the transition,” Mohammed Al-Jadaan, the finance minister of the world’s largest oil exporter, said on Monday, as carried by Bloomberg. “In Saudi Arabia, we have an interest in maintaining demand.…