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. ... "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.That is pretty blinding obvious. Does anyone not understand that if it wasn't for the oil under its sands, that Saudi Arabia would be one of the poorest countries on the planet, if it even was a country? The only other revenue generator they would have would be the annual hajj.
If we had any sense in this country, we'd make it a nearly Apollo Lunar landing style push to develop alternative sources of energy that don't involve yanking dead dinosaur materials from the Earth. But good luck with that. The Democrats are spineless and the Republicans are in the thrall of the oil companies.