| 19.03.2009 - Saudi warns of "catastrophic" energy crunch |
| From Reuters: Saudi Arabia's oil minister warned of a possible "catastrophic" energy supply crunch without prompt investment. "In years to come, if traditional energy supplies should prove inadequate because capital expenditure was curtailed due to unsustainable prices, unreliable indication of future demand or hopes for a substitute that oil cannot deliver, such a supply crunch would be catastrophic," Ali al-Naimi said on Wednesday..... Full Article: Source |