Saudi prince wants low oil price to keep the West dependent

[k98nights]

Saudi prince wants low oil price to keep the West dependent

30/05/2011 10:03 Erbil, May 30 (AKnews) – Saudi Prince Al-Waleed bin Talal said in an interview with CNN that he wants a lower oil price in order to maintain U.S. and European dependency on oil.

Talal, grandson of the founding king of modern Saudi Arabia and listed by Forbes as the 26th richest man in the world, said an oil price between $70 and $80 (81,578 to 93,232 Dinars) would be much better than the current price of over $100 (116,540 Dinars) per 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.

According to Talal, the reason for the high oil price is the current instability in oil rich countries like Libya and Bahrain.

In his own country Saudi Arabia the level of political unrest is lower, “because of economic stability and the love of the Saudi people for the monarchy”, Talal said in the interview.

But he believes that even Saudi Arabia would have to enact new laws that allow more participation of the people.

By Christopher V. Unger (AKnews)

http://www.aknews.com/en/aknews/2/243525/

[Travelin_the_Narrow_Path]

Great find! I have often thought about that. I guess we as Americans have had it so good that unfortunately it may take MAJOR setbacks for us to get off our "you know what" and seriously start implementing new alternatives. HOWEVER, the new alternative energy researchers are being suppressed BIG TIME! If enough of us engage in alternative research, I truly believe we will be able to implement alternative energies.

websites:

http://www.free-energy-info.co.uk The great Patrick Kelly ( He has been researching alternative energy for over 30 years)

http://www.free-energy.ws (Dr. Peter Lindemann)

http://www.eagle-research.com (George Wiseman, he has produced an amazing water torch that is the cheapest way to cut steel, no dangerous gases and has very unusual properties in that the flame will not burn your skin, but will bring Tungsten to thousands of degrees in seconds!!)

Yes, the Saudi prince is correct, I believe. They are afraid of the American ingenuity. Also, if enough of us Americans start researching and collaborating, "they" won't be able to suppress it anymore!

While on the subject of alternative energy, did you know that Brown's gas can be used to neutralize radioactive waste in seconds!? Very practical, unfortunately politically HOT!

http://www.eagle-research.com/browngas/fabuses/possib.php

quote from above link:

Neutralization of Radioactive Waste

It has now been officially proven (in Canada) that Brown's Gas can neutralize radioactive waste in seconds, easily and extremely inexpensively. This neutralization treatment can take place right at the nuclear reactor so there is no need to transport or store nuclear waste.

This issue is so politically HOT that we deliberately do not promote it. Brown's Gas technology is not firmly enough in general use to prevent suppression by 'vested interest'. This single application is worth billions of dollars and can revolutionize the nuclear power generation industry.

Edited May 30, 2011 by Travelin_the_Narrow_Path

[Nelg]

Great material on both the above.

Two years ago, on June 15, hundreds of thousands of fist-waving Iranians hit the capital to denounce President Mahmoud Ahmadinejad's claim to victory in a disputed election.

It quickly turned violent when, pro-government gunmen – standing on rooftops – opened fire on a group of protesters, killing one man and wounding several others.

After days of protests, order was restored.

According to news reports, Iran has a population of young adults who are fed-up with the regime and may be planning a two-year anniversary protest. If that happens, the likelihood of it spreading to other Middle Eastern countries is extremely possible.

Just today Fox News announced that the government in Iran is tolerating men wearing short-sleeve shirts and women wearing scarves farther back on their head. A radical move for such a rigid religious state. IMO this is an effort to keep the masses quiet, because they (the people) will perceive some things are changing when in reality they are not. This may indicate how close the government is feeling that something is going to happen that will destabilize the country.

The entire area is a power keg ready to explode: Libya, Syria, Yemen, Pakistan, Nigeria, Iran, Egypt, Saudi Arabia are all confronting civil unrest.

Of major interest are Egypt, Pakistan, and Iran because they hold a sway over crude production and if these governments begin to topple or radically change, oil prices will soar! Again, these nations do not need to topple; only the perception of instability and change will push oil prices up.

Iraqi’s oil will be more valuable than ever and the tie of the dinar to black gold will only enhance its value, giving more leverage in an RV.