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  • Saudis Fresh Prince Freaks Out About U.S. Fracking

    07/30/2013 4:31:51 PM PDT · by raptor22 · 42 replies
    Investor's Business Daily ^ | July 30, 2013 | IBD EDITORIALS
    Energy: A Saudi prince has warned that his oil-reliant nation is under threat because of fracking technology being developed in the U.S. and spreading around the world. OPEC is now caught between Riyadh and a hard place. Indicative of the panic rippling through the Organization of Petroleum Exporting Countries over the U.S.-led fracking boom, billionaire Saudi Prince Alwaleed bin Talal says his Gulf Arab kingdom needs to reduce its reliance on crude oil and diversify its revenues, lest the era of gold-plated toilets come to an end. In an open letter to his country's oil minister Ali al-Naimi and other...