Is Saudi telling the truth about their oil reserves?

Savings from oil and coal importation

Is Saudi Arabia running out of oil.  It may have overstated its oil reserves?

When Arabs took over the oil fields (via Aramco) they restated their oil reserves increased by about 100 billion barrels.   

The reserves can be over in as little as 9 years.  It is good that the world has been looking for renewable  energy.  And would not be hurt much if Saudi run out of oil.   

If you do your math, Saudi which produces 10 million barrels of oil a day....  And you can guess if they are telling the truth about their reserves.  Why cant they increase their production beyond 10 million

Take note that bulk of their budget and expoerts come from oil. It is noteworthy though that KSA makes invstment in tourism and other businesses.

World's Largest Solar Power Plant Shams 1 in UAE goes on line

Repost from Livescience by Marc Lallanila | March 13, 2013

One of the world's largest PV power plant, Shams 1,  located in UAE goes on line.  The capacity of the PV plant is enough to power 20,000 homes and remove 175,000 tons of CO2 a year, or remove 35,000 cars off the road.   There will be another planned l00 mW in KSA by the end of the year known as Noor l.   Saudi Arabia plans to have 100 per cent renewable energy by 2022;  Qatar's target is 1.8 gW by 2014.

UAE uses CSP technology (concentrated solar power.)   Mirrors focus suns rays to create steam which runs steam turbines.  The plant has 258,000 parabolic mirrors spread over an area of 1 square mile (2.5 square km)

Why would a country producing energy invest heavily in renewable energy?  So that it does not use its own output and sell more oil. 

Very practical and makes good economic sense