Saudi prince: $100-a-barrel oil ‘never’ again

Saudi billionaire businessman Prince Alwaleed bin Talal told me we will not see $100-a-barrel oil again. The plunge in oil prices has been one of the biggest stories of the year. And while cheap gasoline is good for consumers, the negative impact of a 50% decline in oil has been wide and deep, especially for major oil producers such as Saudi Arabia and Russia. Even oil-producing Texas has felt a hit.

via Saudi prince: $100-a-barrel oil ‘never’ again.

Advertisements

Author: ArtStarzz

I'm a shutter bug and a news buff. I love taking photos and spreading the news . I'm a hard core Democrat. My love of my life is Nina . Of all my sites Wordpress has lasted the longest.Maybe because it has been the best.