29 May '15, 1pm

Saudis Confirm Switch from Oil to Solar: By Jeff Siegel You probably wouldn't recognize him i... @altenergystocks

You probably wouldn't recognize him if you saw him on the street. Heck, you probably don't even know his name. But Ali Al-Naimi is one of the most powerful men in the world. As the Saudi oil minister and chairman of Saudi Aramco, Al-Naimi is not particularly popular with U.S. oil producers, especially after telling the media he didn't care if oil prices crashed to $20 because it was not in the interest of OPEC producers to cut production — regardless of price. Still, he remains the most influential oilman on the planet. Listed as one of Forbes' 50 most powerful people in the world, Ali Al-Naimi may not feel the love in Texas, but his influence is unquestionable. So last week, when he made the following statement, the gatekeepers of the global energy economy blinked... In Saudi Arabia, we recognize that eventually, one of these days, we’re not going to need fossil fuels. I ...

Full article: http://www.altenergystocks.com/archives/2015/05/saudis_co...

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