SAUDI ARABIA/OPEC
 
Saudi Prince Sounds Policy Alert
 
Saudi billionaire, Prince al-Walid bin Talal, has called for “serious and immediate action to limit [domestic oil] consumption.” In a letter publicized on his twitter account on 29 July, but sent to key Saudi royals and ministers, including King ‘Abd Allah and Saudi Oil Minister, Ali Naimi, on 15 May, Prince al-Walid argued US shale production posed a clear threat to the Saudi economy.
 
Prince...