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My 1,000
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Saudi prince Alwaleed bin Talal has warned that his nation is in unless it reduces its on oil. A 92 per cent of Saudi's revenue comes from oil. He posted a letter warning Gulf states and members of the Organisation of the Exporting Countries () that demand for oil was "in continuous ". He said Saudi's dependence on oil "is becoming a of concern for all." The prince also owns in Apple.

Prince Alwaleed warned that fracking is a big to Saudi Arabia. Fracking is a that gets oil from . The USA has cut for Saudi oil because of its own fracking. It hopes to be self- in oil by 2020, which would be for Saudi Arabia. Alwaleed said this was "an threat," but Gulf countries don't think so. OPEC wants to about fracking. The prince Saudi investment in nuclear and solar .

 
 

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