Crude Awakening: Saudi Oil Minister Warns Against Renewable Exuberance - WSJ.
Basically oil costs money to get out of the ground, and with less investment and problems (corruption, rebels, lack of investment, etc.) in Nigeria, Venezuela, Russia, and Mexico that will lead to less oil in the future before alternate energy sources are available.
Of course, the question is why do the Saudi's care if the US wastes it money? But they do have a nightmare that alternate energy and increased efficiency will reduce the need for their oil. And they need a high price of oil to keep their rulers in power.
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