Saudi prince: Keep Americans hooked with cheap oil

[madooxno9]

CNN) -- 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.

Video: + Link >> Saudi prince calls for lower oil prices - CNN.com

 

[madooxno9]

It's shame , we all are trying to find alternative fuel and what they want ...shame shame...

well...i am 1000% sure these are the people who do not let green energy companies to come up ..

 

[tallboy123]

after we start to use vehicles running with alternative source like electricity or other renewable source...these arab lazy guys will fall down...

Arabs import water,u cant drink oil

 

[below_freezing]

CNN) -- 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.

Video: + Link >> Saudi prince calls for lower oil prices - CNN.com

good for saudi arabia. We need every delay we can to slow down the west from transitioning out of petroleum.

 

[iPakMan]

good for saudi arabia. We need every delay we can to slow down the west from transitioning out of petroleum.

China is second to the US in petroleum consumption.

 

[Hyde]

i too want oil price between 70 and 80 dollars so that i can make good money by buying at low and selling around 80 and keep doing this forever and become millionaire

so Saudi Arabia, America and myself all wants same thing

so lets be it

 

[below_freezing]

China is second to the US in petroleum consumption.

But 1st in clean energy investment.

Hopefully we'll never become first.