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Saudi Prince Turki al-Faisal

A prominent Saudi prince is warning the United States against trying to become energy independent, claiming it is "political posturing at its worst – a concept that is unrealistic, misguided, and ultimately harmful to energy-producing and consuming countries alike," according to a report from Joseph Farah's G2 Bulletin.

Saudi Prince Turki al-Faisal, brother to Saudi King Abdullah Bin-Abd-al-Aziz Al Saud, claimed such a motto as "energy independence" is "code for arguing that the United States has a dangerous reliance on my country of Saudi Arabia."

A former chief of Saudi intelligence and ambassador to London and the U.S., Turki said that such an argument, in effect, blames Saudi Arabia for "everything from global terrorism to high gasoline prices."

Instead, Turki said, the U.S., being the world's largest energy consumer, needs to stop "proselytizing" about energy independence and instead focus on the need to recognize "energy interdependence."

"There is no technology on the horizon that can completely replace oil as the fuel for the United States' massive manufacturing, transportation, and military needs," Turki said. "Any future, no matter how wishful, will include a mix of renewable and nonrenewable fuels."

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Turki said that Saudi Arabia refused to take the blame for the price hike in fuel that has occurred in recent years. At the same time, he acknowledged that the Saudi kingdom along with the other major oil-producing countries of the Organization for Petroleum Exporting Countries, or OPEC, failed to live up to production expectations.

"In 1998, Iran, Iraq, Nigeria and Venezuela were producing 12.7 million barrels per day," Turki said. "Everyone, including major companies such as BP and our own planners at Saudi Aramco, expected them to be producing 18.4 million barrels per day in 2008.

"Instead, due to civil strife, failed investments, or in the case of Iraq, a U.S. invasion, they were producing only 10.2 million barrels per day," he said. "That drove the price part of the way up. Then, speculators, in the form of hedge funds, did the rest."

For this reason, he said, Saudi Arabia is not responsible for last year's oil price spike. Turki said that Saudi Arabia has sought to make energy investments to avoid energy shocks.

He referred specifically to a billion-dollar fund to promote research into making fossil fuels more environmentally friendly and to promote the International Energy Forum to bring together oil producers, consumers and the oil companies.

"But Americans don't hear all this from their political leaders," Turki complained. He criticized President Barack Obama's concern over American dependence on oil as being a serious threat to the U.S.

"The allure of demagoguery is strong, but U.S. politicians must muster the courage to scrap the fable of energy independence once and for all," Turki said.

"If they continue to lead their people toward the mirage of independence and forsake the oasis of interdependence and cooperation, only disaster will result," Turki warned.

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