Wednesday, April 29, 2009

Saudi royal: "you can't get rid of oil . . ."


A key member of the Saudi royal family who headed the country's intelligence service for 25 years accused both the Obama and Bush administrations Monday of "deceiving" the American people that the U.S. can ever end its dependence on foreign oil.

"You can't get rid of oil. You can't get rid of fossil fuels — gas and coal — unless you want to price yourself out of existence," Prince Turki al-Faisal, former ambassador to Washington, told editors and reporters at The Washington Times.

"I'd hope that the general public in the United States would be wiser than to be deceived into thinking that the U.S. can ever be energy independent," he said.

"The U.S. has rising energy needs despite the economic downturn," Prince Turki said. "If you are going to be paying for wind, electric and solar energy equivalents that cost five or 10 times more than it costs to use oil, you are going to price yourself out of the market. You are going to lose whatever competitiveness you have in your products."

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