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20 Year Radio Veteran, Sean Anthony is the Host of "Flow of Wisdom Radio." It airs live Sundays 3p-5p EST on the GCN Radio Networks (gcnlive.com.) Call in 877-300-7645. He is also the author of "Conversations With Hip Hop" available on Amazon.com

Branson: Saudi Arabia attacking renewable energy with cheaper oil

Follow The Money

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http://rt.com/business/215235-branson-cheap-oil-renewables/

Saudi Arabia’s push to drive down oil prices is not just an attempt to undermine the US shale oil boom, but also the global clean energy industry, Virgin founder Richard Branson has said in an interview with British media.

“They have done it before and it hurt,” the Guardian cited Branson as saying. “They don’t just want to damage the US fracking industry, but also the clean energy business. The collapse of oil prices is going to make it much more difficult for clean energy.”

Branson, the founder of the venture capital conglomerate Virgin Group, who has invested an estimated $350 million in clean technologies, said that both fracking and renewables had put a drastic dent in the bottom line of oil producing countries over the past few years.

“Before the oil price collapsed, solar was actually cheaper [than oil]. If oil goes down to $30-$40 a barrel, then…

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