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<title>PRINCE ALWALEED: Fracking Is Going To Crush The Saudi Economy If Nothing Is Done</title>
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<description>Billionaire Saudi Prince Alwaleed bin Talal has warned shale oil and gas development poses a threat to the kingdom&#x26;#x27;s economy, the Wall Street Journal&#x26;#x27;s Summer Said reports. In an open letter to Saudi oil minister Ali al Naimi [in Arabic], Alwaleed also warns the kingdom must diversify its revenue streams in the face of flagging oil demand. A source translated the key portion of the note: With all due respect to your Highness&#x26;#x2019; viewpoint about shale gas and that it poses no danger on Saudi economy at &#x26;#x2018;the present time&#x26;#x2019;, I was hoping that your Highness would also shed light...</description>
<author>Business Insider</author>
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<pubDate>Mon, 29 Jul 2013 14:39:10 GMT</pubDate>
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