Energy Independence – Key to death of Political Islam

Why India’s efforts to energy sufficiency not fulfilled ? 

Oil producing countries fear bio-fuels competition Saudi Arabia admitted that petroleum producing countries are concerned with the competition of alternative fuels, such as bio-fuels and with the determination of many countries to ensure their “energy independence”.

They are scared that their money will dry up and end their reign of terror against the “infidels”

This concern among producing countries is retracting investments in the sector, said Saudi Petroleum and Mineral Resources minister Ali Al-Naimi addressing the International Forum on Energy which concludes Tuesday in Rome. “I’ve seen unprecedented levels of uncertainty, doubts and even fear in the conversation about the future of energy and its impact on world growth prospects”, he added. Al-Naimi said that “high prices of oil, geopolitical tensions, the new role of crude as a financial instrument, concerns about climate change and the growing popularity of the notion of energy independence are increasing the levels of anxiety among producers and consumers”

Less money means less ability to spread political Islam.  How is that a bad thing?  Also notice how the Saudis try to tie their own reduction in oil revenue to a reduction of the worlds financial growth.

(…)“the call to replace petroleum with alternative fuels in the name of energy security heightens anxiety among producing countries of a future with falling demand for the commodity which is their main source of income” said Al-Naimi.

Mathews George.

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