Thursday, June 2, 2011

Saudi's want West Hooked on Oil - Why Be Surprised?

Saudi Prince Wants US Dependent on Oil : Dispatches from the Culture Wars:
"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."

Well of course he does. The man isn't an idiot. I want people to keep hiring BI specialists and the butcher wants people to keep eating meat.

This is not exactly a news flash.

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