Saudi prince calls for lower oil prices

Saudi prince calls for lower oil prices

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.

www.cnn.com...

well Mr. Waleed, I hope we do find alternative fuel sources.
But if we do, I expect you and your charities to do harm to
the US via your proxy arm of militants.

Then when it is traced back to you,
maybe NATO will invade your country.

Say good-bye to the Kingdom !!!

We have been a slave to oil
far too long. No more riches
for you. Guess you'll have to
drop a few dozen wives now.

Or maybe he doesn't want NATO and the US bombing him?

2nd

Originally posted by reD3vil
Or maybe he doesn't want NATO and the US bombing him?

why would we bomb him if we no longer need oil?

No, he's more afraid of losing money than anything.
He specifically mentioned alternative fuels in the
article.

Just a few years ago oil was dirt cheap, $20 a barrel.

Then a couple years ago it went through the roof, $150 a barrel,
then it dropped way back down and the Saudi's said they wanted
oil to go back up and stay between $70-$80 a barrel.

This POS is not doing anyone a favor, this price was their stated
goal a couple years ago.

I guess the knowledge that vehicles can run
on water has got him scared. Since 2/3 of the
world's surface area has water

He could drop prices to $20.00 a barrel and
very few would buy it.

i think the guy is just bull-horning.

i think the Saudis and others manipulate the price of oil by investing their own money,

and directing their partners to buy long or sell short.

i remember something about this in 2007.....short positions on oil were rising before the big crash.

now they make out with the rising bids because there is little "shorting" going on.

Saudi Arabia can control output very easily -- output affects commodity prices.

similar short positions on airlines before 9/11/2001 were uncovered.

obviously brain damage,


and an open mic.

don't matter.

won't need these guys, soon.