Early this year, the OPEC (organization of petroleum exporting countries) had a meeting to agree on decreasing production to jack up the prices in the world market. Venezuela, which economy largely depends on oil, was hopeful. However, Saudi Arabia agreed but later on reneged, it continued pumping oil at breakneck speed as if oil will be obsolete tomorrow. And yes, that's the reason of Saudi oil ministers that they want to exhaust their oil reserves before the world could change to alternative fuel. I think that reason of the Saudi oil ministers have a good logic. But it will take decades before the world could forgo the use of oil. The growth of electric cars is crawling. Solar power remains a dream. Wind power is another hype.