Saudi Prince Calls for Lower Oil Prices
Submitted by joanne on May 31, 2011 – 11:07 amNo Comment
(CNN) …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, … READ MORE (includes video)
