Saudi Arabia: Peak Oil Forecasts Are Ridiculous Because We’ll Keep Prices Cheap For A Very Long Time

Monday, November 15, 2010
By Paul Martin

Business Insider.com
Nov. 15, 2010

Saudi Arabia’s Prince Turki Al Faisal Al Saud has thrown cold water on forecasts for an oil price superspike, speaking to energy industry peers at Rice University.

His nation has the capacity to handle surging demand from both China and other rapidly developing nations:

The Rest…HERE

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