| From Forbes: Touting $90 billion expansion plan, Saudi Aramco chief says no matter how fast alternatives are ramped up, world will depend on oil for decades to come. Despite slowing some projects last year, Saudi Arabia's national oil company is sticking fast to its expansion plans while cautioning the world against "wishful thinking" on alternative energy sources.
After $62 billion in investments over the past five years, Aramco plans $90 billion in additional oil and gas projects between now and 2015, Saudi Aramco Chief Executive Khalid Al-Falih said Tuesday morning at the CERAweek conference in Houston..............................................Full Article: Source
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