Posts Tagged ‘us’

No, You Can’t

Wednesday, April 29th, 2009

Be energy independent?  Foolish Americans…

“I’d hope that the general public in the United States would be wiser than to be deceived into thinking that the U.S. can ever be energy independent”

So says Prince Turki al-Faisal, of … where else?  Saudi Arabia, of course, the worlds largest oil exporter, who has been one of our biggest suppliers of oil for entirely too long.

“You can’t get rid of oil. You can’t get rid of fossil fuels — gas and coal — unless you want to price yourself out of existence”

“If you are going to be paying for wind, electric and solar energy equivalents that cost five or 10 times more than it costs to use oil, you are going to price yourself out of the market. You are going to lose whatever competitiveness you have in your products.”

Sure sounds like someone’s worried that the endless stream of American dollars may eventually start to run dry.