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A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed elsewhere around the world.
Billionaire Prince Alwaleed bin Talal said the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues
.His warning comes as rising shale energy supplies in the United States cut global demand for Saudi oil.
Originally posted by SaturnFX
I am perfectly fine with natural gas being a good midway point between oil and going completely green. step 1 is get off the oil, and this seems acceptable...not by any stretch a end point, it is the morphine patch when getting off the hard stuff.
And over time, with solar, bio, and other techs developing steadily, we can ween off of that also without altering our lifestyle.
I wonder, if oil became little more than engine lube..would we still consider SA an ally?