Saudis Knacker Alternative Energy Plans

So just how hard would it be to develop an alternative energy infrastructure? It’s already difficult because the country that should be taking the lead here, the US, gets its oil specially subsidized from the Saudis for $1 less than everyone else. But that buck is just chickenfeed. If the Saudis really felt the need, they could up production by nearly 50% and drive oil prices way down, pricing alternatives out of the marketplace…

�You want alternatives? That�s just so much sweet talk,� one former official at the Saudi Petroleum Ministry told NEWSWEEK. �Suppose you target the cost of alternative energy at so many dollars per Btu�and then we lower the cost of oil below that. All your investment goes down the drain.�