11th February 2009 - Saudi View of Alternative-Fuel Nightmare' (NYT)


Saudi Arabian oil minister Ali Al-Naimi warns against diverting investment needed to sustain and increase oil production away from fossil fuels into the development of alternative sources of energy when these alternative energy sources have yet to prove they can meet the world's growing demand for energy. Al-Naimi said: "A nightmare scenario would be created if alternative energy supplies fail to meet overly optimistic expectations, while traditional energy suppliers scale back investment due to expectations of declining demand for their products.

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