Cry me a river - one of the oil ticks gets it
From
Financial Times:
Alwaleed warns of US shale danger to Saudi
Prince Alwaleed bin Talal, the billionaire Saudi Arabian investor, has warned that his country�s oil-dependent economy is increasingly vulnerable to competition from the US shale revolution, setting him at odds with his country�s oil ministry and Opec officials.
In an open letter addressed to Ali Naimi, the Saudi oil minister, the prince called on the government to accelerate plans to diversify the economy.
�Our country is facing continuous threat because of its almost total dependency on oil,� he wrote in the letter, copied to King Abdullah, Prince Alwaleed�s uncle, among others.
We could be independent of these royal bastards in fifteen years if we showed some backbone. Natural gas, clean coal, and Liquid Fluoride Thorium nuclear. These three would deliver a huge economic and industrial renaissance to the United States and indirectly to the world.
Posted by DaveH at July 29, 2013 7:12 PM