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Saudi Arabia’s prince Alwaleed Bin Talal on Obama’s policy and oil collusion

Image by jakman1 from Pixabay

It must be admitted that in recent years, the political and economic situation of Saudi Arabia has been increasingly influenced by representatives of the third generation of the Al Saud dynasty – the grandsons of the founding king Abdel Aziz. Among them, Prince al-Waleed bin Talal bin Abdulaziz al Saud is a businessman and investor, billionaire, founder and owner of 95% of the largest Saudi holding association “the Kingdom Holding Company”.

Over the past fifteen years, according to Forbes magazine, he has consistently been among the top thirty richest people on the Earth, which in 2007 allowed “The Time” magazine in 2007 to be called as “the Arabian Warren Buffett”. However, it is not only investment activities, large-scale business projects and charity that have made Prince al-Walid widely known both in the Arab world and in the West. In addition, he actively maintains contacts with political and business circles in many countries. According to him, one of his tasks is to “build bridges” between the West and the East. There is no oil collusion between the US and Saudi Arabia, experts believe. At the same time, they confirmed that Obama tried to negotiate with the Saudis. He expressed his opinion about the policy of the United States, about the future of the dollar. “At the same time, the decision not to cut oil production was considered, reasonable and insightful,” he said. – If Saudi Arabia had reduced production by 1-2 million barrels per day, these 1-2 million would have been produced by others. It means that Saudi Arabia would be in the red twice: less oil produced at a lower price”.