Saudi Arabia is asking industrialised countries not to give up on oil as their primary source of energy, warning that they would be courting disaster if they put too much hope in unproven alternatives.
The plea appeared to be a direct response to the emerging energy policy Barack Obama, the US president, which calls for the nation to become energy independent and stop imports of oil from the Middle East and Venezuela.
Ali al Naimi, the Saudi oil minister, said petroleum still held the key to progress and prosperity for the world’s growing population over the next few decades and that calls to switch to alternatives were premature and could be catastrophic.
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