Monday 29 July 2013

Prince Alwaleed right to warn on future oil prices « ArabianMoney

Prince Alwaleed right to warn on future oil prices « ArabianMoney:

"Never one to avoid controversy billionaire investor Prince Alwaleed bin Talal Al Saud has put the cat among the pigeons again with his warning to the Saudi Government that it is too overconfident about the future outlook for the oil price.

His Highness cites US shale gas as a real competitor as a source of ultra-cheap energy going forward, and a slowdown in China is a more immediate worry with the implications for energy demand across Asia."

'via Blog this'

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