Friday, March 20, 2009

The Days of Oil are Far From Over, Says Saudi Arabia

Saudi Arabia, the world's biggest oil exporting country, has just issued a warning against a "premature shift" to renewable energy.

Seriously, Saudi Arabia's Oil Minister gave a speech at the Energy Pact Conference saying that oil, natural gas, and coal must remain the energy "workhorses" for many decades to come—and that investing in alternative energy too early could lower levels of investment in fossil fuels and ruin the global energy economy.

No comments: