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Should Saudi Arabia Fear North Dakota? One Man Says Yes – Yahoo! News

By Alan Farnham

Should Saudi Arabia fear North Dakota? A member of the Saudi royal family says yes.

Prince Alwaleed bin Talal, founder of Kingdom Holding and a multi-billionaire investor in News Corp, Time Warner and Citigroup, among other companies, has told Saudi Oil Minister Ali Al-Naimi that the desert kingdom is making a mistake not to worry about burgeoning U.S. oil and gas production.

In a letter published on Twitter, the prince calls rising American shale gas production “an inevitable threat.” Saudi Arabia, he warns, “is almost entirely dependent on oil, and this reality is becoming a source of concern for all.”

Read the Rest @ Should Saudi Arabia Fear North Dakota? One Man Says Yes – Yahoo! News.

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