Implications of Renewable Energy on Oil Industry of OAPEC Counties

Abstract

Fossil fuels are dominant in the energy world, especially after the trend of countries to the industrial field, which the strength and solidity of production have characterized. It was difficult to dispense with fossil fuels, aircraft or vehicles can work without them, and factories can not improve their capacity, speed, and competition in the world market only through fossil energy. Fossil fuels have been able to push forward economic activity throughout history, as crude oil has been the largest source of fossil energy, which has reached 39 percent of energy production, followed by natural gas, ... and so on. This study aims mainly to highlight the natural sources of this world that we live in, renewable energy sources are the real engine of the world economy at the moment, as well as to highlight the fate of these renewable sources in the countries of the european unions or in the countries of the Arab countries, as well as to identify the global expectations of global demand for energy sources Diya and renewable energy, as well as remember the most critical repercussions of renewable energy sources on traditional energy sources (oil, coal and gas) on the member states of the Organization of OAPEC as the Arab countries come to gether to join hands as well as develop all the necessary economic plans that are keen to maintain these renewable sources, as well as countries take all the measures required to retain this renewable energy and work to store it in all the necessary frameworks Possible, and one of themost essential factors that help maintain these sources is to work on building a regional program that contributes to making the required plans in the field of energy production of waste in particular, as well as measuring the impact of that energy in creating jobs and raising the economic level of society, as well as working and striving vigorously to transform into intelligent energy systems, especially in the Arab countries.