One would think that members countries from the OEPC (Organization of Petroleum Exporting Countries) in the Persian Gulf who are sitting on a quarter of the world's oil reserves would like to stall the development of clean technologies and thereby the creation of alternatives to oil, right? Nope. Not only are the Middle East oil barons reaping profits from $130 barrel of oil, they are using these profits wisely to develop clean technology.

Investors from the oil...