Saudi oil minister: Alternative energy is too risky!

And of course this is just impartial advice, right?

Action is needed now to prevent a possible "catastrophic" energy supply crunch , Saudi Arabian Oil Minister Ali Naimi warned today.

"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," Reuters quoted Naimi as saying.

"The painful result would be felt sooner rather than later. It would effectively take the wheels off an already derailed economy."

The world risked disaster by placing too much hope on untested alternative energy sources, Naimi told an Opec conference of energy leaders.

"We frankly court disaster if these supplemental resources on which such high hopes for energy security and sustainability are pinned do not fulfil their high expectations," he said.

Naimi said the world should not use low oil prices as a reason not to investment in the sources of future production, as to do so would only gaurantee further shortages and soaring prices.

From here, via Mega in this iTulip thread.