Prince Talal, a grandson of the founding King of Saudi Arabia and the 26th richest man in the world, said to CNN reporter Fareed Zakaria on May 29th Saudi Arabia should lower the price of oil to $70 to $80 to prevent the West from breaking its addiction.
"We don't want the West to go and find alternatives, because, clearly, the higher the price of oil goes the more they have incentives to go and find alternatives," said the Prince.
We have alternatives right now that are cleaner and cheaper than oil. Natural Gas costs the equivalent of $1.40 per gallon. Why are we not using them?
It is not news that Saudi Arabia wants the West addicted and vulnerable to foreign oil. And the Saudis have manipulated oil prices over the decades to maintain our addiction.
But the power to and the battle to break our addiction is at home.
It is a battle between common sense policies like the Natural Gas Act and right wing ideology that holds the invisible hand is working just fine.
The Saudi Prince loves Grover Norquist and the Club for Growth.
What is good for the Saudis is not good for America. It is time to make Prince Talal a little less rich. It is time to put Grover back in his far right corner--hopefully alone.
Pass the Natural Gas Act. Ramp up electric vehicle fueling stations. Charge forward with biodiesel and next stage biofuels. Raise fuel efficiency standards for gasoline vehicles.
Our future hangs in the balance.