Saudi Prince: "We Don't Want the West to Go and Find Alternatives"

The fist rule of monopolies and parasites is to never kill your customer or your host.


Apparently, high oil prices is bad for business.


Saudi Prince Al Waleed bin Talal told CNN yesterday that he wants oil prices to decrease so that the United States doesn't find alternatives to his country's supple of oil.

"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,"

Well isn't that so nice of him and his country.  Let's keep the price of oil lower.  


As in lower than "outrageous" and greater than the real market price due to OPEC's cartel.


READ MORE

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• Saudi Sheihk Warns that using Ethanol is a Sin
• $115 a Barrel Oil is Too Cheap
• America's Energy Source Choice: Midwest or Middle East?
• Energy Victory Through Competition
• OPEC is Not Our Friendly Neighbor

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