The Chief Executive of Saudi Aramco was clear in his recent speech when he outlined the main reasons for the current energy crisis. He pointed to underinvestment in oil and gas, a dearth of alternative energy sources, and a complete lack of any Plan B. Looking forward, it seems unlikely that those problems will be solved anytime soon. Saudi Arabia has been blaming underinvestment in oil and gas exploration for the energy crunch for months. As one of the world's biggest oil producers, its opinions on energy security have been politely but firmly dismissed as the European Union and its G7 partners forged ahead with ... (full story)