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Saudi Prince wants the price of oil to drop so the West wont "go and find alternatives"

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Liberal_in_LA Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 01:11 PM
Original message
Saudi Prince wants the price of oil to drop so the West wont "go and find alternatives"
Saudi Prince Al-Waleed bin Talal said Sunday that he wants oil prices to drop so that the United States and Europe don't accelerate efforts to wean themselves off his country's supply.

In an interview broadcast Sunday on "CNN's Fareed Zakaria GPS," the grandson of the founding king of modern Saudi Arabia said the oil price should be somewhere between $70 and $80 a barrel, rather than the current level of over $100 a barrel.

"We don't want the West to go and find alternatives, because, clearly, the higher the price of oil goes, the more they have incentives to go and find alternatives," said Talal, who is listed by Forbes as the 26th richest man in the world.

http://www.cnn.com/2011/WORLD/meast/05/29/us.saudi.prince.oil/index.html?hpt=T2
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Cant trust em Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 01:13 PM
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1. This is basically what they've been saying for the last 30 years.
low gas prices means more driving.
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elehhhhna Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 02:02 PM
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2. He's also Fox News 2nd largest shareholder (owner)
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Lizzie Poppet Donating Member (255 posts) Send PM | Profile | Ignore Mon May-30-11 02:05 PM
Response to Original message
3. Ah, yes, our "allies" the Saudis.
With friends like these...
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Poll_Blind Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 02:12 PM
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4. I cherish that he's so out of touch with reality that he says something like that during an...
...interview.

I can't think of many drug dealers who are that blunt about keeping their customers hooked.

PB
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AndyTiedye Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 02:45 PM
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5. Yup. We Will Indeed
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Mon May-30-11 02:46 PM
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6. Bingo. got that right.
fuckers.
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