"Billionaire Saudi Prince Alwaleed has sounded the alarm about the threat shale oil and gas development poses to the petro-kingdom's barely diversified economy.
It's taken awhile for such a prominent Saudi to acknowledge this fact.
But it's been pretty clear to the rest of the world.
Saudi Arabia needs high oil prices to function — Below $80 and the kingdom starts getting into trouble. There are some trends that could easily push prices much lower.
'via Blog this'
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